Jane Street Group LLC Cuts Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Jane Street Group LLC trimmed its holdings in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,157 shares of the restaurant operator’s stock after selling 543 shares during the period. Jane Street Group LLC’s holdings in RCI Hospitality were worth $1,032,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. raised its stake in RCI Hospitality by 254.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after buying an additional 498 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of RCI Hospitality during the third quarter valued at approximately $29,000. FMR LLC boosted its holdings in RCI Hospitality by 132.6% in the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,026 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in RCI Hospitality in the third quarter worth approximately $54,000. Finally, BNP Paribas Financial Markets boosted its holdings in RCI Hospitality by 47.4% in the third quarter. BNP Paribas Financial Markets now owns 3,921 shares of the restaurant operator’s stock worth $175,000 after purchasing an additional 1,260 shares during the last quarter. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

RCI Hospitality Stock Performance

RCI Hospitality stock opened at $57.63 on Tuesday. The company’s 50-day moving average price is $50.50 and its 200-day moving average price is $46.45. RCI Hospitality Holdings Inc has a twelve month low of $37.61 and a twelve month high of $67.14. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. The company has a market cap of $512.91 million, a PE ratio of 110.83 and a beta of 1.60.

RCI Hospitality Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.07 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. RCI Hospitality’s dividend payout ratio (DPR) is presently 87.50%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. HC Wainwright restated a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a research report on Wednesday, December 18th. StockNews.com downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

RCI Hospitality 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.