RCI Hospitality (NASDAQ:RICK) Issues Quarterly Earnings Results

RCI Hospitality (NASDAQ:RICK) announced its earnings results on Thursday. The restaurant operator reported ($0.12) EPS for the quarter, FiscalAI reports. The business had revenue of $70.93 million during the quarter. RCI Hospitality had a return on equity of 6.19% and a net margin of 5.88%.

RCI Hospitality Price Performance

NASDAQ:RICK traded up $1.05 during trading hours on Thursday, reaching $21.87. 137,809 shares of the company were exchanged, compared to its average volume of 72,023. The business has a 50 day moving average of $23.62 and a 200 day moving average of $25.82. RCI Hospitality has a 1-year low of $20.76 and a 1-year high of $47.03. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market capitalization of $190.71 million, a P/E ratio of 11.76 and a beta of 0.82.

RCI Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.08 per share. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 16th. RCI Hospitality’s payout ratio is 17.20%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in RCI Hospitality by 11.6% in the 4th quarter. Invesco Ltd. now owns 20,684 shares of the restaurant operator’s stock worth $493,000 after purchasing an additional 2,142 shares in the last quarter. XTX Topco Ltd lifted its position in shares of RCI Hospitality by 15.0% in the 4th quarter. XTX Topco Ltd now owns 10,335 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 1,350 shares during the period. Tudor Investment Corp ET AL boosted its position in RCI Hospitality by 13.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 41,242 shares of the restaurant operator’s stock valued at $983,000 after acquiring an additional 5,046 shares during the last quarter. Man Group plc boosted its position in shares of RCI Hospitality by 119.8% during the 4th quarter. Man Group plc now owns 14,759 shares of the restaurant operator’s stock valued at $352,000 after purchasing an additional 8,045 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of RCI Hospitality during the 4th quarter worth approximately $364,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, RCI Hospitality currently has a consensus rating of “Hold” and a consensus target price of $98.00.

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.