Fmr LLC Grows Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Fmr LLC increased its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 132.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,800 shares of the restaurant operator’s stock after buying an additional 1,026 shares during the quarter. Fmr LLC’s holdings in RCI Hospitality were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RICK. Progeny 3 Inc. grew its position in shares of RCI Hospitality by 23.5% in the 2nd quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock worth $20,080,000 after buying an additional 87,832 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in RCI Hospitality by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,704 shares of the restaurant operator’s stock worth $2,644,000 after purchasing an additional 4,126 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of RCI Hospitality by 24.8% during the second quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock valued at $2,250,000 after buying an additional 10,275 shares during the period. American Century Companies Inc. lifted its holdings in RCI Hospitality by 14.7% in the second quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock worth $2,101,000 after buying an additional 6,174 shares during the period. Finally, DHK Financial Advisors Inc. purchased a new stake in RCI Hospitality in the second quarter worth about $1,699,000. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Stock Up 0.5 %

Shares of RCI Hospitality stock opened at $57.09 on Tuesday. The company has a 50-day simple moving average of $49.10 and a two-hundred day simple moving average of $46.00. RCI Hospitality Holdings Inc has a 52-week low of $37.61 and a 52-week high of $68.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a market capitalization of $508.10 million, a PE ratio of 109.79 and a beta of 1.60.

RCI Hospitality Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, December 16th. RCI Hospitality’s dividend payout ratio is currently 87.50%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. HC Wainwright restated a “buy” rating and issued a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, December 18th.

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.