RCI Hospitality Holdings Inc (NASDAQ:RICK) Stock Holdings Increased by EntryPoint Capital LLC

EntryPoint Capital LLC grew its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,392 shares of the restaurant operator’s stock after buying an additional 1,306 shares during the period. EntryPoint Capital LLC owned about 0.08% of RCI Hospitality worth $425,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in RCI Hospitality by 1.0% in the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock worth $8,772,000 after purchasing an additional 2,023 shares during the period. American Century Companies Inc. boosted its holdings in shares of RCI Hospitality by 63.7% in the 4th quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator’s stock valued at $6,030,000 after buying an additional 40,822 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of RCI Hospitality by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator’s stock valued at $3,912,000 after buying an additional 363 shares during the last quarter. Bank of New York Mellon Corp raised its stake in RCI Hospitality by 29.4% during the fourth quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator’s stock worth $3,773,000 after acquiring an additional 14,919 shares during the period. Finally, Barclays PLC lifted its holdings in RCI Hospitality by 330.2% in the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after acquiring an additional 10,433 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RICK has been the subject of several recent research reports. HC Wainwright reaffirmed a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a report on Wednesday, February 12th. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

RCI Hospitality Price Performance

NASDAQ RICK opened at $46.48 on Wednesday. The company has a 50-day moving average price of $50.78 and a two-hundred day moving average price of $49.61. The stock has a market cap of $412.14 million, a price-to-earnings ratio of 83.00 and a beta of 1.72. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.81. RCI Hospitality Holdings Inc has a 52 week low of $37.61 and a 52 week high of $61.66.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.60%. The ex-dividend date is Monday, March 17th. RCI Hospitality’s payout ratio is currently 50.00%.

RCI Hospitality 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.