RCI Hospitality (NASDAQ:RICK) Shares Gap Up – Time to Buy?

Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) gapped up before the market opened on Tuesday . The stock had previously closed at $52.13, but opened at $56.00. RCI Hospitality shares last traded at $59.81, with a volume of 132,458 shares trading hands.

Wall Street Analyst Weigh In

RICK has been the subject of a number of research analyst reports. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday, October 7th. HC Wainwright reiterated a “buy” rating and issued a $98.00 price objective on shares of RCI Hospitality in a research report on Wednesday, November 6th.

RCI Hospitality Stock Up 10.3 %

The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. The firm has a market cap of $517.50 million, a P/E ratio of 115.02 and a beta of 1.60. The firm’s 50 day moving average is $47.86 and its two-hundred day moving average is $45.66.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, December 16th. This represents a $0.28 annualized dividend and a yield of 0.49%. RCI Hospitality’s dividend payout ratio is presently 53.85%.

Institutional Trading of RCI Hospitality

Several hedge funds have recently bought and sold shares of the stock. Progeny 3 Inc. raised its holdings in shares of RCI Hospitality by 23.5% in the second quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock valued at $20,080,000 after purchasing an additional 87,832 shares during the last quarter. DHK Financial Advisors Inc. acquired a new position in RCI Hospitality during the second quarter worth $1,699,000. Barclays PLC raised its position in RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after acquiring an additional 10,433 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in RCI Hospitality by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock valued at $2,250,000 after acquiring an additional 10,275 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of RCI Hospitality by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock valued at $2,101,000 after acquiring an additional 6,174 shares during the period. 53.82% of the stock is currently owned by institutional investors and hedge funds.

About RCI Hospitality

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.