RCI Hospitality Holdings Inc (NASDAQ:RICK – Free Report) – Research analysts at HC Wainwright dropped their FY2024 earnings per share estimates for shares of RCI Hospitality in a research note issued to investors on Wednesday, October 9th. HC Wainwright analyst S. Buck now forecasts that the restaurant operator will post earnings of $0.66 per share for the year, down from their prior estimate of $0.69. HC Wainwright currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for RCI Hospitality’s current full-year earnings is $0.69 per share. HC Wainwright also issued estimates for RCI Hospitality’s Q4 2024 earnings at $0.37 EPS and FY2025 earnings at $4.18 EPS.
RCI Hospitality (NASDAQ:RICK – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. The company had revenue of $76.18 million for the quarter, compared to analysts’ expectations of $72.79 million. RCI Hospitality’s revenue was down 1.1% compared to the same quarter last year.
Check Out Our Latest Stock Analysis on RICK
RCI Hospitality Trading Up 0.5 %
Shares of RICK opened at $41.69 on Thursday. The firm has a fifty day simple moving average of $44.28 and a two-hundred day simple moving average of $46.67. RCI Hospitality has a twelve month low of $37.61 and a twelve month high of $69.40. The stock has a market capitalization of $388.76 million, a P/E ratio of 20.44 and a beta of 1.55. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80.
RCI Hospitality Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.07 dividend. This is a positive change from RCI Hospitality’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. RCI Hospitality’s dividend payout ratio (DPR) is presently 13.73%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in shares of RCI Hospitality by 58.7% during the 3rd quarter. SG Americas Securities LLC now owns 6,437 shares of the restaurant operator’s stock valued at $287,000 after purchasing an additional 2,382 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in RCI Hospitality during the 2nd quarter valued at approximately $175,000. Point72 Asset Management L.P. purchased a new position in shares of RCI Hospitality during the 2nd quarter worth approximately $88,000. Scientech Research LLC bought a new position in shares of RCI Hospitality in the 2nd quarter worth approximately $235,000. Finally, AQR Capital Management LLC lifted its stake in shares of RCI Hospitality by 61.0% in the 2nd quarter. AQR Capital Management LLC now owns 6,007 shares of the restaurant operator’s stock valued at $262,000 after purchasing an additional 2,277 shares during the period. 53.82% of the stock is owned by hedge funds and other institutional investors.
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.
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