RCI Hospitality (NASDAQ:RICK) Posts Earnings Results

RCI Hospitality (NASDAQ:RICK) announced its earnings results on Thursday. The restaurant operator reported ($0.12) earnings per share for the quarter, FiscalAI reports. The business had revenue of $70.93 million for the quarter. RCI Hospitality had a return on equity of 6.19% and a net margin of 5.88%.

RCI Hospitality Stock Performance

NASDAQ:RICK opened at $21.87 on Friday. RCI Hospitality has a 12 month low of $20.76 and a 12 month high of $47.03. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market capitalization of $190.71 million, a PE ratio of 11.76 and a beta of 0.82. The business’s fifty day moving average price is $23.55 and its 200 day moving average price is $25.80.

RCI Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.5%. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Monday, March 16th. RCI Hospitality’s dividend payout ratio is currently 17.20%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of RCI Hospitality in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, RCI Hospitality currently has a consensus rating of “Hold” and a consensus target price of $98.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in shares of RCI Hospitality during the 4th quarter worth about $211,000. AQR Capital Management LLC increased its stake in RCI Hospitality by 12.8% in the first quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator’s stock valued at $1,114,000 after purchasing an additional 2,934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in RCI Hospitality by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock valued at $214,000 after purchasing an additional 234 shares during the last quarter. American Century Companies Inc. raised its holdings in RCI Hospitality by 16.3% during the second quarter. American Century Companies Inc. now owns 186,066 shares of the restaurant operator’s stock worth $7,093,000 after purchasing an additional 26,110 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of RCI Hospitality by 4.5% during the 2nd quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator’s stock worth $477,000 after buying an additional 536 shares during the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.