JB Capital Partners LP bought a new stake in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 60,000 shares of the restaurant operator’s stock, valued at approximately $1,639,200,000.
Other large investors also recently made changes to their positions in the company. Quantinno Capital Management LP grew its stake in shares of RCI Hospitality by 320.1% during the first quarter. Quantinno Capital Management LP now owns 45,311 shares of the restaurant operator’s stock worth $1,034,000 after purchasing an additional 34,525 shares during the period. Brighton Jones LLC acquired a new position in RCI Hospitality in the fourth quarter valued at about $211,000. Man Group plc acquired a new position in RCI Hospitality in the third quarter valued at about $205,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in RCI Hospitality during the third quarter worth about $115,000. Finally, State of Wyoming bought a new position in RCI Hospitality during the fourth quarter worth about $67,000. Institutional investors and hedge funds own 53.82% of the company’s stock.
RCI Hospitality Stock Up 0.6%
Shares of RCI Hospitality stock opened at $30.98 on Friday. RCI Hospitality Holdings, Inc. has a 1 year low of $20.76 and a 1 year high of $38.00. The business has a 50-day moving average of $27.36 and a two-hundred day moving average of $25.14. The company has a market capitalization of $236.69 million, a P/E ratio of -75.56 and a beta of 0.76. 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 Announces Dividend
Wall Street Analysts Forecast Growth
RICK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. Wall Street Zen raised 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 MarketBeat, the stock has an average rating of “Sell”.
View Our Latest Analysis on RICK
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.
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