RCI Hospitality Holdings, Inc. to Issue Quarterly Dividend of $0.03 (RICK)
RCI Hospitality Holdings, Inc. (NASDAQ:RICK) declared a quarterly dividend on Wednesday, August 16th, RTT News reports. Shareholders of record on Monday, September 11th will be given a dividend of 0.03 per share by the restaurant operator on Monday, September 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.48%.
RCI Hospitality Holdings (NASDAQ RICK) traded down 1.20% on Wednesday, reaching $24.70. 16,602 shares of the company’s stock were exchanged. RCI Hospitality Holdings has a 12-month low of $10.58 and a 12-month high of $26.85. The company has a market cap of $240.03 million, a P/E ratio of 25.18 and a beta of 0.25. The firm has a 50 day moving average of $23.60 and a 200-day moving average of $19.71.
RCI Hospitality Holdings (NASDAQ:RICK) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. RCI Hospitality Holdings had a net margin of 7.84% and a return on equity of 10.75%. The firm had revenue of $37.43 million for the quarter, compared to analyst estimates of $37.64 million. During the same quarter last year, the business earned $0.34 earnings per share. Equities analysts expect that RCI Hospitality Holdings will post $1.44 EPS for the current fiscal year.
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A number of equities analysts have weighed in on RICK shares. Zacks Investment Research raised shares of RCI Hospitality Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Thursday, May 25th. Westpark Capital reaffirmed a “buy” rating and set a $30.00 price target (up previously from $29.00) on shares of RCI Hospitality Holdings in a research note on Thursday, June 8th.
A hedge fund recently bought a new stake in RCI Hospitality Holdings stock. State Street Corp purchased a new stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 105,227 shares of the restaurant operator’s stock, valued at approximately $2,508,000. State Street Corp owned 1.08% of RCI Hospitality Holdings as of its most recent SEC filing. 40.42% of the stock is owned by hedge funds and other institutional investors.
About RCI Hospitality Holdings
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