RCI Hospitality Holdings Inc (NASDAQ:RICK) Plans $0.07 Quarterly Dividend

RCI Hospitality Holdings Inc (NASDAQ:RICK) declared a quarterly dividend on Tuesday, June 3rd, RTT News reports. Shareholders of record on Monday, June 16th will be paid a dividend of 0.07 per share by the restaurant operator on Monday, June 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.71%.

RCI Hospitality has increased its dividend by an average of 17.6% 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 4.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RCI Hospitality to earn $6.35 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 4.4%.

RCI Hospitality Stock Up 0.5%

Shares of RCI Hospitality stock traded up $0.19 on Tuesday, hitting $39.59. 1,988 shares of the company traded hands, compared to its average volume of 80,378. The company has a 50-day moving average price of $40.47 and a 200 day moving average price of $48.12. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. RCI Hospitality has a 12-month low of $35.00 and a 12-month high of $61.66. The company has a market cap of $348.31 million, a PE ratio of 70.70 and a beta of 1.41.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Monday, May 12th. The restaurant operator reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.39). RCI Hospitality had a return on equity of 1.77% and a net margin of 1.64%. The firm had revenue of $65.88 million for the quarter, compared to the consensus estimate of $65.93 million. Sell-side analysts predict that RCI Hospitality will post 4.55 earnings per share for the current year.

Hedge Funds Weigh In On RCI Hospitality

Several hedge funds have recently modified their holdings of RICK. Brighton Jones LLC bought a new stake in shares of RCI Hospitality during the fourth quarter valued at approximately $211,000. AQR Capital Management LLC grew its stake in shares of RCI Hospitality by 12.8% during the 1st 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in RCI Hospitality by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock valued at $214,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 53.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RICK shares. HC Wainwright reiterated a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

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.