RCI Hospitality (NASDAQ:RICK) Director Johnson Martin Elaine Acquires 601 Shares

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Director Elaine Martin bought 601 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of $28.95 per share, for a total transaction of $17,398.95. Following the transaction, the director directly owned 12,352 shares in the company, valued at approximately $357,590.40. This represents a 5.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

RCI Hospitality Price Performance

Shares of NASDAQ RICK opened at $27.95 on Thursday. The firm has a market cap of $213.54 million, a PE ratio of -68.17 and a beta of 0.78. The firm has a fifty day moving average of $28.06 and a 200 day moving average of $25.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.48 and a current ratio of 0.56. RCI Hospitality Holdings, Inc. has a one year low of $20.76 and a one year high of $32.02.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%. The business had revenue of $73.94 million for the quarter.

RCI Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 15th. RCI Hospitality’s dividend payout ratio is -78.05%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RICK shares. Wall Street Zen upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Weiss Ratings restated a “sell (d)” rating on shares of RCI Hospitality in a research report on Monday, August 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On RCI Hospitality

A number of hedge funds have recently modified their holdings of RICK. BlackRock Inc. acquired a new position in RCI Hospitality during the second quarter worth about $16,785,000. Bank of New York Mellon Corp acquired a new stake in RCI Hospitality in the 2nd quarter valued at about $2,239,000. JB Capital Partners LP purchased a new position in RCI Hospitality in the 2nd quarter worth approximately $1,639,200. Quantinno Capital Management LP lifted its stake in RCI Hospitality by 320.1% in the 1st quarter. Quantinno Capital Management LP now owns 45,311 shares of the restaurant operator’s stock worth $1,034,000 after purchasing an additional 34,525 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of RCI Hospitality during the 2nd quarter worth approximately $1,184,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc is a Houston-based hospitality and entertainment company that operates adult nightclubs, sports bars and restaurants in the United States. Its businesses serve customers through a portfolio of company-owned and franchised venues, with operations focused primarily on adult entertainment and casual dining.

The company’s adult entertainment venues operate under brands that include Rick’s Cabaret, Club Onyx, Tootsie’s Cabaret and Scarlett’s Cabaret. RCI also operates Bombshells Restaurant & Bar, a military-themed sports bar and restaurant concept offering food, beverages and televised sporting events.