RCI Hospitality (NASDAQ:RICK) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of RCI Hospitality (NASDAQ:RICK) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

RCI Hospitality Stock Performance

RCI Hospitality stock opened at $29.13 on Friday. RCI Hospitality has a 12-month low of $20.76 and a 12-month high of $37.60. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $27.63 and its two-hundred day moving average price is $25.40. The stock has a market cap of $222.55 million, a PE ratio of -71.05 and a beta of 0.76.

RCI Hospitality (NASDAQ:RICK) last posted its earnings results on Thursday, August 6th. The restaurant operator reported $0.90 EPS for the quarter. The firm had revenue of $73.94 million during the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%.

RCI Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, September 15th. RCI Hospitality’s dividend payout ratio (DPR) is -78.05%.

Institutional Investors Weigh In On RCI Hospitality

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in RCI Hospitality in the 4th quarter valued at approximately $211,000. AQR Capital Management LLC lifted its holdings in shares of RCI Hospitality by 12.8% during the first quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator’s stock worth $1,114,000 after purchasing an additional 2,934 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of RCI Hospitality by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 234 shares during the period. Invesco Ltd. grew its stake in shares of RCI Hospitality by 4.5% in the second quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator’s stock worth $477,000 after purchasing an additional 536 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of RCI Hospitality by 324.7% in the second quarter. Marshall Wace LLP now owns 23,087 shares of the restaurant operator’s stock worth $880,000 after purchasing an additional 17,651 shares during the last quarter. 53.82% of the stock is owned by institutional investors.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.