RCI Hospitality Holdings Inc (RICK) To Go Ex-Dividend on March 14th

RCI Hospitality Holdings Inc (NASDAQ:RICKGet Free Report) declared a quarterly dividend on Wednesday, February 28th, RTT News reports. Investors of record on Friday, March 15th will be given a dividend of 0.06 per share by the restaurant operator on Friday, March 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, March 14th.

RCI Hospitality has raised its dividend payment by an average of 17.0% annually over the last three years and has raised its dividend every year for the last 2 years. RCI Hospitality has a dividend payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RCI Hospitality to earn $6.23 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 3.9%.

RCI Hospitality Trading Down 1.0 %

NASDAQ RICK opened at $55.35 on Tuesday. The stock has a market cap of $518.08 million, a PE ratio of 19.84, a PEG ratio of 1.07 and a beta of 1.66. RCI Hospitality has a 12 month low of $50.43 and a 12 month high of $82.45. The company’s 50-day moving average price is $59.75 and its 200-day moving average price is $59.84. The company has a current ratio of 0.84, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75.

RCI Hospitality (NASDAQ:RICKGet Free Report) last issued its earnings results on Thursday, February 8th. The restaurant operator reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The company had revenue of $73.90 million for the quarter, compared to analysts’ expectations of $73.30 million. RCI Hospitality had a return on equity of 10.67% and a net margin of 8.81%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $1.11 earnings per share. Equities research analysts forecast that RCI Hospitality will post 4.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TheStreet cut RCI Hospitality from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th. HC Wainwright reiterated a “buy” rating and set a $115.00 target price on shares of RCI Hospitality in a report on Monday, February 12th. Finally, StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Friday.

Get Our Latest Report on RICK

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in RCI Hospitality by 482.4% during the third quarter. Tower Research Capital LLC TRC now owns 2,382 shares of the restaurant operator’s stock valued at $144,000 after purchasing an additional 1,973 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of RCI Hospitality by 204.3% in the 2nd quarter. Legal & General Group Plc now owns 2,927 shares of the restaurant operator’s stock valued at $142,000 after buying an additional 1,965 shares in the last quarter. Captrust Financial Advisors grew its position in shares of RCI Hospitality by 7.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,827 shares of the restaurant operator’s stock worth $137,000 after buying an additional 193 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of RCI Hospitality by 36.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,990 shares of the restaurant operator’s stock worth $96,000 after acquiring an additional 534 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in RCI Hospitality by 28.6% during the fourth quarter. Wells Fargo & Company MN now owns 849 shares of the restaurant operator’s stock valued at $79,000 after acquiring an additional 189 shares during the last quarter. 41.76% of the stock is currently owned by hedge funds and other institutional investors.

RCI Hospitality Company Profile

(Get Free Report)

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.

See Also

Dividend History for RCI Hospitality (NASDAQ:RICK)

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