Johnson Martin Elaine Buys 601 Shares of RCI Hospitality (NASDAQ:RICK) Stock

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Director Elaine Martin bought 601 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was purchased at an average price of $28.95 per share, with a total value of $17,398.95. Following the completion of the purchase, the director directly owned 12,352 shares of the company’s stock, valued at approximately $357,590.40. This trade represents a 5.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

RCI Hospitality Price Performance

RICK opened at $28.48 on Friday. RCI Hospitality Holdings, Inc. has a twelve month low of $20.76 and a twelve month high of $32.02. The firm has a market cap of $217.70 million, a price-to-earnings ratio of -69.46 and a beta of 0.78. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $28.10 and a 200 day simple moving average of $25.97.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 EPS for the quarter. The firm 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. RCI Hospitality’s payout ratio is presently -78.05%.

Institutional Investors Weigh In On RCI Hospitality

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in RCI Hospitality during the 2nd quarter worth approximately $16,785,000. Quantinno Capital Management LP raised its position in shares of RCI Hospitality by 320.1% during the 1st quarter. Quantinno Capital Management LP now owns 45,311 shares of the restaurant operator’s stock valued at $1,034,000 after acquiring an additional 34,525 shares in the last quarter. JB Capital Partners LP bought a new position in RCI Hospitality during the second quarter worth $1,639,200. Bank of New York Mellon Corp bought a new position in RCI Hospitality during the second quarter worth $2,239,000. Finally, PDT Partners LLC acquired a new position in RCI Hospitality in the second quarter worth $1,184,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of RCI Hospitality in a research note on Monday, August 31st. Wall Street Zen raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, RCI Hospitality has a consensus rating of “Sell”.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc is a Houston-based hospitality and entertainment company that operates adult nightclubs, sports bars and restaurants in the United States. Its businesses serve customers through a portfolio of company-owned and franchised venues, with operations focused primarily on adult entertainment and casual dining.

The company’s adult entertainment venues operate under brands that include Rick’s Cabaret, Club Onyx, Tootsie’s Cabaret and Scarlett’s Cabaret. RCI also operates Bombshells Restaurant & Bar, a military-themed sports bar and restaurant concept offering food, beverages and televised sporting events.