RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Johnson Martin Elaine Acquires 336 Shares

RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Johnson Martin Elaine purchased 336 shares of the stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $63.77 per share, for a total transaction of $21,426.72. Following the transaction, the director now directly owns 9,085 shares of the company’s stock, valued at $579,350.45. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Johnson Martin Elaine also recently made the following trade(s):

• On Wednesday, August 23rd, Johnson Martin Elaine bought 78 shares of RCI Hospitality stock. The stock was purchased at an average cost of $64.00 per share, with a total value of $4,992.00.
• On Monday, August 14th, Johnson Martin Elaine purchased 74 shares of RCI Hospitality stock. The shares were acquired at an average price of $67.00 per share, with a total value of $4,958.00.

RCI Hospitality Price Performance

NASDAQ:RICK opened at $63.34 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.78. RCI Hospitality Holdings Inc has a 52 week low of $61.49 and a 52 week high of $97.45. The business’s 50-day simple moving average is $67.19 and its two-hundred day simple moving average is $73.19. The stock has a market cap of $596.66 million, a PE ratio of 15.64, a P/E/G ratio of 1.21 and a beta of 1.65.

RCI Hospitality (NASDAQ:RICK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.96 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.32). RCI Hospitality had a return on equity of 16.85% and a net margin of 12.99%. The company had revenue of $77.06 million during the quarter, compared to analysts’ expectations of $77.06 million. As a group, analysts forecast that RCI Hospitality Holdings Inc will post 4.37 EPS for the current fiscal year.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.38%. RCI Hospitality’s dividend payout ratio (DPR) is presently 5.93%.

Analyst Ratings Changes

RICK has been the subject of a number of analyst reports. StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Friday. Noble Financial dropped their price target on RCI Hospitality from $150.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, August 14th. Finally, HC Wainwright restated a “buy” rating and issued a $126.00 target price on shares of RCI Hospitality in a research note on Friday, August 11th.

Hedge Funds Weigh In On RCI Hospitality

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. purchased a new position in RCI Hospitality in the first quarter valued at about $459,000. MetLife Investment Management LLC lifted its position in RCI Hospitality by 54.8% during the first quarter. MetLife Investment Management LLC now owns 4,070 shares of the restaurant operator’s stock valued at $250,000 after acquiring an additional 1,440 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in RCI Hospitality in the first quarter valued at approximately $1,024,000. BlackRock Inc. grew its holdings in RCI Hospitality by 2.5% in the first quarter. BlackRock Inc. now owns 548,393 shares of the restaurant operator’s stock worth $33,705,000 after purchasing an additional 13,495 shares during the last quarter. Finally, Covestor Ltd purchased a new stake in shares of RCI Hospitality during the 1st quarter valued at $41,000. 41.76% of the stock is owned by hedge funds and other institutional investors.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.