HC Wainwright reaffirmed their buy rating on shares of RCI Hospitality (NASDAQ:RICK – Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $98.00 target price on the restaurant operator’s stock.
Separately, StockNews.com raised RCI Hospitality from a hold rating to a buy rating in a report on Monday.
Get Our Latest Analysis on RCI Hospitality
RCI Hospitality Trading Up 0.5 %
RCI Hospitality (NASDAQ:RICK – Get Free Report) last posted its earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. The business had revenue of $76.18 million during the quarter, compared to the consensus estimate of $72.79 million. RCI Hospitality’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts forecast that RCI Hospitality will post 0.69 earnings per share for the current year.
RCI Hospitality Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.07 per share. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. RCI Hospitality’s payout ratio is currently 13.73%.
Hedge Funds Weigh In On RCI Hospitality
Several large investors have recently bought and sold shares of the business. Victory Capital Management Inc. acquired a new stake in RCI Hospitality during the 2nd quarter worth $76,000. Point72 Asset Management L.P. acquired a new stake in shares of RCI Hospitality during the second quarter worth $88,000. Cubist Systematic Strategies LLC bought a new stake in RCI Hospitality in the second quarter valued at about $175,000. SG Americas Securities LLC acquired a new position in RCI Hospitality in the second quarter valued at about $177,000. Finally, EntryPoint Capital LLC boosted its holdings in RCI Hospitality by 246.3% during the first quarter. EntryPoint Capital LLC now owns 3,958 shares of the restaurant operator’s stock worth $230,000 after buying an additional 2,815 shares during the last quarter. 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.
Recommended Stories
- Five stocks we like better than RCI Hospitality
- Profitably Trade Stocks at 52-Week Highs
- 3 Momentum Trades for October With Ample Upside Ahead
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Roblox Dips on Short Report—Here’s Why It Could Bounce Back Fast
- Energy and Oil Stocks Explained
- 2 Reasons to Jump on Apple Stock Now and 1 Reason to Think Twice
Receive News & Ratings for RCI Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.