RCI Hospitality (NASDAQ:RICK) Issues Earnings Results

RCI Hospitality (NASDAQ:RICK) posted its quarterly earnings results on Thursday. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $68.72 million during the quarter. RCI Hospitality had a negative net margin of 2.31% and a negative return on equity of 2.55%.

RCI Hospitality Trading Up 0.6%

Shares of RICK opened at $25.37 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 0.94. The stock has a market cap of $194.13 million, a PE ratio of -32.53 and a beta of 0.76. RCI Hospitality has a 1 year low of $20.76 and a 1 year high of $43.10. The stock has a 50 day simple moving average of $24.39 and a 200-day simple moving average of $24.11.

RCI Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, March 16th. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.07. RCI Hospitality’s payout ratio is currently -41.03%.

Institutional Trading of RCI Hospitality

A number of large investors have recently bought and sold shares of RICK. BNP Paribas Financial Markets raised its stake in RCI Hospitality by 62.0% during the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 324 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of RCI Hospitality in the 4th quarter worth about $54,000. State of Wyoming acquired a new stake in shares of RCI Hospitality during the 4th quarter worth about $67,000. Copeland Capital Management LLC increased its position in shares of RCI Hospitality by 122.0% during 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in RCI Hospitality during the 3rd quarter valued at about $115,000. 53.82% of the stock is currently owned by 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.