RCI Hospitality Holdings, Inc. $RICK Shares Purchased by AlphaQuest LLC

AlphaQuest LLC increased its stake in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 607.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,462 shares of the restaurant operator’s stock after purchasing an additional 8,124 shares during the quarter. AlphaQuest LLC’s holdings in RCI Hospitality were worth $361,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of RCI Hospitality by 52.4% during the first quarter. American Century Companies Inc. now owns 159,956 shares of the restaurant operator’s stock worth $6,869,000 after purchasing an additional 55,026 shares during the period. AQR Capital Management LLC lifted its holdings in shares of RCI Hospitality by 12.8% during the first quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator’s stock worth $1,114,000 after purchasing an additional 2,934 shares during the period. Nuveen LLC acquired a new stake in shares of RCI Hospitality during the first quarter worth $1,004,000. Invesco Ltd. lifted its holdings in shares of RCI Hospitality by 9.7% during the first quarter. Invesco Ltd. now owns 11,987 shares of the restaurant operator’s stock worth $515,000 after purchasing an additional 1,061 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of RCI Hospitality during the first quarter worth $498,000. 53.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of RCI Hospitality in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $98.00.

RCI Hospitality Price Performance

RCI Hospitality stock opened at $24.20 on Friday. RCI Hospitality Holdings, Inc. has a one year low of $23.95 and a one year high of $61.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.83 and a current ratio of 0.92. The business has a fifty day moving average of $30.88 and a two-hundred day moving average of $36.39. The company has a market cap of $211.02 million, a P/E ratio of 13.01 and a beta of 1.17.

RCI Hospitality (NASDAQ:RICK) last released its earnings results on Wednesday, January 11th. The restaurant operator reported $1.58 EPS for the quarter. RCI Hospitality had a return on equity of 6.19% and a net margin of 5.88%.The company had revenue of $54.94 million during the quarter. As a group, analysts predict that RCI Hospitality Holdings, Inc. will post 4.55 earnings per share for the current fiscal year.

RCI Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.07 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. RCI Hospitality’s dividend payout ratio (DPR) is currently 15.05%.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.