RCI Hospitality Holdings Inc (NASDAQ:RICK) to Issue $0.07 Quarterly Dividend

RCI Hospitality Holdings Inc (NASDAQ:RICK) declared a quarterly dividend on Friday, June 13th, RTT News reports. Investors of record on Monday, June 16th will be paid a dividend of 0.07 per share by the restaurant operator on Monday, June 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, June 16th.

RCI Hospitality has a dividend payout ratio of 4.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect RCI Hospitality to earn $6.35 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 4.4%.

RCI Hospitality Stock Down 5.1%

Shares of NASDAQ RICK opened at $39.74 on Friday. The company has a 50 day simple moving average of $40.34 and a 200 day simple moving average of $47.57. The firm has a market cap of $349.63 million, a PE ratio of 70.97 and a beta of 1.36. RCI Hospitality has a 1 year low of $35.00 and a 1 year high of $61.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Monday, May 12th. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.39). The business had revenue of $65.88 million during the quarter, compared to the consensus estimate of $65.93 million. RCI Hospitality had a net margin of 1.64% and a return on equity of 1.77%. On average, research analysts forecast that RCI Hospitality will post 4.55 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in RCI Hospitality during the 4th quarter worth approximately $211,000. AQR Capital Management LLC raised its holdings in RCI Hospitality by 12.8% during the 1st quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator’s stock worth $1,114,000 after purchasing an additional 2,934 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in RCI Hospitality by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 53.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, April 9th.

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.