RCI Hospitality Holdings Inc (NASDAQ:RICK) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $34.00 for the company and are anticipating that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given RCI Hospitality an industry rank of 108 out of 256 based on the ratings given to its competitors.
RICK has been the topic of a number of research reports. BidaskClub lowered shares of RCI Hospitality from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. ValuEngine lowered shares of RCI Hospitality from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 11th. Zacks Investment Research lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, Westpark Capital set a $34.00 price target on shares of RCI Hospitality and gave the company a “buy” rating in a research note on Wednesday, October 17th.
Institutional investors have recently bought and sold shares of the stock. Algert Global LLC acquired a new stake in RCI Hospitality in the 3rd quarter valued at approximately $204,000. MetLife Investment Advisors LLC increased its holdings in RCI Hospitality by 54.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 7,368 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 2,612 shares during the last quarter. Macquarie Group Ltd. increased its holdings in RCI Hospitality by 46.5% in the 2nd quarter. Macquarie Group Ltd. now owns 8,409 shares of the restaurant operator’s stock valued at $266,000 after purchasing an additional 2,671 shares during the last quarter. First Trust Advisors LP increased its holdings in RCI Hospitality by 35.5% in the 3rd quarter. First Trust Advisors LP now owns 13,728 shares of the restaurant operator’s stock valued at $406,000 after purchasing an additional 3,596 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in RCI Hospitality by 15.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the restaurant operator’s stock valued at $586,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 49.29% of the company’s stock.
RICK traded up $0.67 during midday trading on Friday, hitting $21.38. 69,014 shares of the company were exchanged, compared to its average volume of 84,338. The company has a market capitalization of $202.73 million, a P/E ratio of 9.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.02 and a current ratio of 1.09. RCI Hospitality has a 1-year low of $18.50 and a 1-year high of $34.84.
RCI Hospitality (NASDAQ:RICK) last posted its earnings results on Monday, December 31st. The restaurant operator reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.05). RCI Hospitality had a net margin of 13.10% and a return on equity of 13.75%. The business had revenue of $40.68 million for the quarter, compared to analyst estimates of $40.96 million. Analysts forecast that RCI Hospitality will post 2.35 EPS for the current year.
RCI Hospitality announced that its board has authorized a stock buyback plan on Thursday, January 3rd that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 26th. Investors of record on Monday, December 10th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, December 7th. This represents a $0.12 annualized dividend and a yield of 0.56%. RCI Hospitality’s dividend payout ratio (DPR) is presently 5.50%.
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 two segments, Nightclubs and Bombshells. The company owns 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.
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