RCI Hospitality (NASDAQ:RICK) Issues Quarterly Earnings Results

RCI Hospitality (NASDAQ:RICK) released its earnings results on Thursday. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, FiscalAI reports. RCI Hospitality had a negative net margin of 3.85% and a negative return on equity of 4.24%. The company had revenue of $68.72 million for the quarter.

RCI Hospitality Stock Up 2.8%

NASDAQ:RICK traded up $0.69 during midday trading on Thursday, reaching $25.22. The company had a trading volume of 42,627 shares, compared to its average volume of 67,777. The firm has a market capitalization of $192.93 million, a price-to-earnings ratio of -66.37 and a beta of 0.76. The stock’s fifty day simple moving average is $24.23 and its 200-day simple moving average is $24.09. RCI Hospitality has a 12-month low of $20.76 and a 12-month high of $43.10. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 0.94.

RCI Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.08 dividend. The ex-dividend date was Monday, March 16th. This is an increase from RCI Hospitality’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. RCI Hospitality’s payout ratio is -84.21%.

Hedge Funds Weigh In On RCI Hospitality

A number of institutional investors and hedge funds have recently made changes to their positions in RICK. Vanguard Group Inc. lifted its stake in RCI Hospitality by 2.9% in the third quarter. Vanguard Group Inc. now owns 516,933 shares of the restaurant operator’s stock worth $15,772,000 after acquiring an additional 14,603 shares during the last quarter. Steel Partners Holdings L.P. purchased a new stake in shares of RCI Hospitality in the 4th quarter valued at approximately $7,459,000. State Street Corp raised its holdings in shares of RCI Hospitality by 0.4% in the 4th quarter. State Street Corp now owns 185,138 shares of the restaurant operator’s stock valued at $4,414,000 after purchasing an additional 698 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of RCI Hospitality by 4.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 178,588 shares of the restaurant operator’s stock worth $5,449,000 after purchasing an additional 7,140 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of RCI Hospitality by 30.1% during the fourth quarter. AQR Capital Management LLC now owns 99,461 shares of the restaurant operator’s stock worth $2,371,000 after purchasing an additional 23,015 shares in the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

RCI Hospitality Company Profile

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.