Yura Barabash Buys 888 Shares of RCI Hospitality (NASDAQ:RICK) Stock

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Director Yura Barabash purchased 888 shares of RCI Hospitality stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $27.29 per share, with a total value of $24,233.52. Following the completion of the transaction, the director owned 2,037 shares of the company’s stock, valued at $55,589.73. The trade was a 77.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

RCI Hospitality Stock Performance

NASDAQ RICK opened at $30.87 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48. RCI Hospitality Holdings, Inc. has a 1 year low of $20.76 and a 1 year high of $38.25. The company has a market capitalization of $235.85 million, a PE ratio of -75.29 and a beta of 0.76. The company has a fifty day moving average of $26.86 and a two-hundred day moving average of $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 (EPS) for the quarter. RCI Hospitality had a negative return on equity of 1.74% and a negative net margin of 1.48%.The company had revenue of $73.94 million for the quarter.

RCI Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, June 15th. RCI Hospitality’s dividend payout ratio (DPR) is currently -78.05%.

Analysts Set New Price Targets

RICK has been the subject of a number of research reports. Wall Street Zen upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of RCI Hospitality in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On RCI Hospitality

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new stake in shares of RCI Hospitality during the second quarter worth about $289,000. PDT Partners LLC acquired a new position in RCI Hospitality in the 2nd quarter valued at about $1,184,000. Canada Pension Plan Investment Board acquired a new position in RCI Hospitality in the 2nd quarter valued at about $355,000. Manatuck Hill Partners LLC purchased a new stake in RCI Hospitality during the 2nd quarter valued at approximately $273,000. Finally, JB Capital Partners LP purchased a new stake in RCI Hospitality during the 2nd quarter valued at approximately $1,639,200,000. 53.82% of the stock is owned by hedge funds and other institutional investors.

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.