RCI Hospitality Holdings Inc (NASDAQ:RICK) Declares Quarterly Dividend of $0.05

RCI Hospitality Holdings Inc (NASDAQ:RICK – Get Rating) announced a quarterly dividend on Wednesday, May 25th, RTT News reports. Investors of record on Wednesday, June 15th will be paid a dividend of 0.05 per share by the restaurant operator on Wednesday, June 29th. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Tuesday, June 14th.

RCI Hospitality has increased its dividend payment by an average of 10.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. RCI Hospitality has a dividend payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RCI Hospitality to earn $5.64 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 3.5%.

RICK stock traded up $3.82 during mid-day trading on Wednesday, reaching $55.40. The company had a trading volume of 2,376 shares, compared to its average volume of 85,123. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.73 and a quick ratio of 1.63. The stock has a 50 day simple moving average of $61.30 and a two-hundred day simple moving average of $67.18. The company has a market capitalization of $521.70 million, a price-to-earnings ratio of 13.23, a PEG ratio of 0.92 and a beta of 1.88. RCI Hospitality has a 52 week low of $49.71 and a 52 week high of $94.33.

RCI Hospitality (NASDAQ:RICK – Get Rating) last released its quarterly earnings results on Monday, May 9th. The restaurant operator reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). The firm had revenue of $63.69 million for the quarter, compared to analyst estimates of $64.33 million. RCI Hospitality had a return on equity of 23.93% and a net margin of 15.16%. On average, equities analysts predict that RCI Hospitality will post 4.86 EPS for the current year.

Several research firms recently weighed in on RICK. Noble Financial began coverage on RCI Hospitality in a report on Tuesday, February 1st. They set an “outperform” rating and a $100.00 price target for the company. Zacks Investment Research raised RCI Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, May 14th. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a report on Friday, May 20th. Finally, TheStreet raised RCI Hospitality from a “c+” rating to a “b” rating in a report on Friday, February 11th.

Institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of RCI Hospitality during the 1st quarter worth $27,000. Cannell Capital LLC acquired a new position in shares of RCI Hospitality during the 1st quarter worth $28,000. Captrust Financial Advisors raised its holdings in shares of RCI Hospitality by 806.5% during the 3rd quarter. Captrust Financial Advisors now owns 562 shares of the restaurant operator’s stock worth $39,000 after buying an additional 500 shares in the last quarter. Covestor Ltd acquired a new position in shares of RCI Hospitality during the 1st quarter worth $41,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of RCI Hospitality by 365.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,508 shares of the restaurant operator’s stock worth $103,000 after buying an additional 1,184 shares in the last quarter. 53.19% of the stock is owned by institutional investors.

About RCI Hospitality (Get Rating)

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.

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