PDT Partners LLC Takes $1.18 Million Position in RCI Hospitality Holdings, Inc. $RICK

PDT Partners LLC acquired a new position in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 43,338 shares of the restaurant operator’s stock, valued at approximately $1,184,000. PDT Partners LLC owned about 0.57% of RCI Hospitality at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in RCI Hospitality in the second quarter valued at $355,000. Manatuck Hill Partners LLC acquired a new position in shares of RCI Hospitality during the 2nd quarter worth about $273,000. JB Capital Partners LP acquired a new position in shares of RCI Hospitality during the 2nd quarter worth about $1,639,200,000. BlackRock Inc. purchased a new position in shares of RCI Hospitality in the 2nd quarter valued at about $16,785,000. Finally, Deutsche Bank AG purchased a new position in shares of RCI Hospitality in the 2nd quarter valued at about $180,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RICK shares. Weiss Ratings restated a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

RCI Hospitality Stock Down 2.1%

RICK opened at $29.68 on Thursday. The business’s 50-day simple moving average is $27.53 and its 200-day simple moving average is $25.28. 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 $37.73. The stock has a market capitalization of $226.76 million, a P/E ratio of -72.39 and a beta of 0.76.

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

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. RCI Hospitality’s dividend payout ratio is presently -78.05%.

RCI Hospitality 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.