RCI Hospitality Holdings, Inc. (NASDAQ:RICK – Get Free Report) declared a quarterly dividend on Monday, August 31st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.08 per share by the restaurant operator on Wednesday, September 30th. This represents a c) 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 has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. RCI Hospitality has a dividend payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings.
RCI Hospitality Trading Down 3.5%
Shares of NASDAQ RICK traded down $1.05 during midday trading on Monday, reaching $29.13. The stock had a trading volume of 53,726 shares, compared to its average volume of 62,404. The company’s 50 day moving average price is $27.59 and its 200 day moving average price is $25.37. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.48 and a current ratio of 0.56. RCI Hospitality has a twelve month low of $20.76 and a twelve month high of $37.60. The firm has a market cap of $222.55 million, a price-to-earnings ratio of -71.05 and a beta of 0.76.
Analyst Upgrades and Downgrades
A number of analysts have commented on RICK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research report on Wednesday, June 3rd. Wall Street Zen lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, RCI Hospitality presently has a consensus rating of “Sell”.
View Our Latest Analysis on RCI Hospitality
About RCI Hospitality
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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