RCI Hospitality (NASDAQ:RICK) Announces Quarterly Earnings Results

RCI Hospitality (NASDAQ:RICKGet Free Report) issued its quarterly earnings data on Thursday. The restaurant operator reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06), Briefing.com reports. RCI Hospitality had a return on equity of 10.73% and a net margin of 8.81%. The business had revenue of $73.90 million for the quarter, compared to analysts’ expectations of $73.30 million. During the same period in the previous year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year.

RCI Hospitality Stock Performance

NASDAQ:RICK opened at $56.99 on Friday. The business has a 50 day moving average of $63.23 and a 200 day moving average of $61.54. The company has a market capitalization of $533.38 million, a price-to-earnings ratio of 20.42, a PEG ratio of 0.99 and a beta of 1.70. RCI Hospitality has a 1-year low of $50.43 and a 1-year high of $89.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.69.

RCI Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.42%. RCI Hospitality’s payout ratio is 8.60%.

Institutional Trading of RCI Hospitality

A number of hedge funds have recently bought and sold shares of RICK. American Century Companies Inc. bought a new stake in RCI Hospitality in the 1st quarter worth approximately $459,000. MetLife Investment Management LLC lifted its position in RCI Hospitality by 54.8% in the first quarter. MetLife Investment Management LLC now owns 4,070 shares of the restaurant operator’s stock valued at $250,000 after purchasing an additional 1,440 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in RCI Hospitality in the first quarter valued at approximately $1,024,000. BlackRock Inc. lifted its position in RCI Hospitality by 2.5% in the first quarter. BlackRock Inc. now owns 548,393 shares of the restaurant operator’s stock valued at $33,705,000 after purchasing an additional 13,495 shares during the last quarter. Finally, Covestor Ltd bought a new stake in RCI Hospitality in the first quarter valued at approximately $41,000. Institutional investors own 41.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a report on Wednesday, November 29th. HC Wainwright reissued a “buy” rating and set a $115.00 price objective on shares of RCI Hospitality in a report on Tuesday, December 19th. Finally, TheStreet lowered RCI Hospitality from a “b-” rating to a “c+” rating in a report on Thursday, November 16th.

Read Our Latest Stock Analysis on RCI Hospitality

About RCI Hospitality

(Get Free Report)

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.

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Earnings History for RCI Hospitality (NASDAQ:RICK)

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