Q2 2024 Earnings Forecast for RCI Hospitality Holdings Inc (NASDAQ:RICK) Issued By Sidoti Csr

RCI Hospitality Holdings Inc (NASDAQ:RICK) – Stock analysts at Sidoti Csr reduced their Q2 2024 EPS estimates for shares of RCI Hospitality in a research note issued to investors on Wednesday, April 10th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the restaurant operator will post earnings of $0.92 per share for the quarter, down from their previous forecast of $1.01. The consensus estimate for RCI Hospitality’s current full-year earnings is $4.21 per share. Sidoti Csr also issued estimates for RCI Hospitality’s Q3 2024 earnings at $1.13 EPS, Q4 2024 earnings at $1.32 EPS, FY2024 earnings at $4.14 EPS, Q2 2025 earnings at $1.46 EPS, Q3 2025 earnings at $1.58 EPS, Q4 2025 earnings at $1.47 EPS and FY2025 earnings at $6.00 EPS.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). RCI Hospitality had a net margin of 8.81% and a return on equity of 10.67%. The firm had revenue of $73.90 million for the quarter, compared to analyst estimates of $73.30 million. During the same period in the previous year, the firm posted $1.11 EPS. The company’s revenue was up 5.6% compared to the same quarter last year.

Other equities analysts also recently issued reports about the company. TheStreet downgraded RCI Hospitality from a “b-” rating to a “c+” rating in a research report on Tuesday, March 5th. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Finally, HC Wainwright reissued a “buy” rating and issued a $115.00 price target on shares of RCI Hospitality in a research report on Monday, February 12th.

RCI Hospitality Stock Performance

Shares of RCI Hospitality stock opened at $50.82 on Thursday. RCI Hospitality has a 52 week low of $50.43 and a 52 week high of $79.46. The firm has a market cap of $475.68 million, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.65. The business’s fifty day simple moving average is $56.13 and its 200-day simple moving average is $58.44. The company has a quick ratio of 0.75, a current ratio of 0.84 and a debt-to-equity ratio of 0.75.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.47%. RCI Hospitality’s dividend payout ratio (DPR) is 8.60%.

Insider Activity at RCI Hospitality

In other RCI Hospitality news, CEO Eric Scott Langan bought 1,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $54.54 per share, for a total transaction of $54,540.00. Following the completion of the purchase, the chief executive officer now owns 703,000 shares of the company’s stock, valued at $38,341,620. The acquisition was disclosed in a filing with the SEC, which is available through this link. 8.34% of the stock is owned by insiders.

Hedge Funds Weigh In On RCI Hospitality

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in shares of RCI Hospitality by 389.3% during the second quarter. Renaissance Technologies LLC now owns 68,500 shares of the restaurant operator’s stock worth $3,313,000 after buying an additional 54,500 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in RCI Hospitality by 135.4% during the first quarter. Goldman Sachs Group Inc. now owns 91,807 shares of the restaurant operator’s stock worth $5,643,000 after acquiring an additional 52,799 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in RCI Hospitality by 184.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 66,737 shares of the restaurant operator’s stock worth $4,048,000 after acquiring an additional 43,273 shares during the period. Jane Street Group LLC increased its stake in RCI Hospitality by 716.2% in the second quarter. Jane Street Group LLC now owns 46,850 shares of the restaurant operator’s stock valued at $2,265,000 after purchasing an additional 41,110 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of RCI Hospitality by 53.0% during the 1st quarter. Prudential Financial Inc. now owns 115,977 shares of the restaurant operator’s stock worth $7,128,000 after acquiring an additional 40,195 shares during the period. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

About RCI Hospitality

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.