RCI Hospitality (NASDAQ:RICK) Director Acquires $24,233.52 in Stock

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Director Yura Barabash purchased 888 shares of RCI Hospitality stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of $27.29 per share, with a total value of $24,233.52. Following the transaction, the director directly owned 2,037 shares in the company, valued at $55,589.73. This trade represents a 77.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RCI Hospitality Price Performance

Shares of RICK opened at $30.87 on Friday. The firm has a market capitalization of $235.85 million, a price-to-earnings ratio of -75.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.48 and a current ratio of 0.56. RCI Hospitality Holdings, Inc. has a one year low of $20.76 and a one year high of $38.25. The stock’s fifty day moving average is $26.86 and its 200-day moving average is $24.92.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. The business had revenue of $73.94 million for 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 15th. RCI Hospitality’s payout ratio is -78.05%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in RCI Hospitality by 62.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 324 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of RCI Hospitality during the 4th quarter valued at about $54,000. State of Wyoming acquired a new position in shares of RCI Hospitality in the 4th quarter worth approximately $67,000. Copeland Capital Management LLC grew its stake in shares of RCI Hospitality by 122.0% in the 1st quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 1,816 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of RCI Hospitality in the 3rd quarter worth approximately $115,000. 53.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on RICK shares. Wall Street Zen upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of RCI Hospitality in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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.