RCI Hospitality (NASDAQ:RICK) Announces Earnings Results, Misses Estimates By $0.39 EPS

RCI Hospitality (NASDAQ:RICK) announced its quarterly earnings results on Monday. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.39), Zacks reports. RCI Hospitality had a return on equity of 1.77% and a net margin of 1.64%.

RCI Hospitality Trading Up 3.2%

NASDAQ RICK traded up $1.35 on Monday, hitting $43.39. 78,639 shares of the stock were exchanged, compared to its average volume of 85,555. RCI Hospitality has a 52-week low of $35.00 and a 52-week high of $61.66. The firm has a market capitalization of $384.74 million, a P/E ratio of 77.48 and a beta of 1.41. The stock has a fifty day moving average price of $41.89 and a two-hundred day moving average price of $48.76. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.65%. The ex-dividend date was Monday, March 17th. RCI Hospitality’s payout ratio is 50.00%.

Institutional Trading of RCI Hospitality

A hedge fund recently bought a new stake in RCI Hospitality stock. Brighton Jones LLC bought a new stake in RCI Hospitality Holdings Inc (NASDAQ:RICK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,670 shares of the restaurant operator’s stock, valued at approximately $211,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. HC Wainwright reissued a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday, April 9th. StockNews.com raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

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 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.