RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 75.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,669 shares of the restaurant operator’s stock after selling 30,389 shares during the period. Millennium Management LLC owned 0.11% of RCI Hospitality worth $556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in RCI Hospitality in the 4th quarter valued at $211,000. Bank of New York Mellon Corp increased its stake in RCI Hospitality by 29.4% in the fourth quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator’s stock valued at $3,773,000 after purchasing an additional 14,919 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of RCI Hospitality by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator’s stock valued at $3,912,000 after buying an additional 363 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of RCI Hospitality by 233.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,784 shares of the restaurant operator’s stock worth $332,000 after buying an additional 4,049 shares during the period. Finally, AlphaQuest LLC grew its holdings in shares of RCI Hospitality by 107.4% during the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock worth $77,000 after buying an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 53.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on RICK shares. HC Wainwright reaffirmed a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a research note on Wednesday, April 9th. Wall Street Zen raised RCI Hospitality from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

RCI Hospitality Stock Up 3.2%

RICK stock opened at $41.68 on Monday. The stock has a market capitalization of $366.70 million, a PE ratio of 74.43 and a beta of 1.36. The company has a fifty day moving average of $40.17 and a 200-day moving average of $47.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02. RCI Hospitality Holdings Inc has a one year low of $35.00 and a one year high of $61.66.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings results on Monday, May 12th. The restaurant operator reported $0.36 earnings per share (EPS) 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 analysts’ expectations of $65.93 million. As a group, analysts expect that RCI Hospitality Holdings Inc will post 4.55 EPS for the current year.

RCI Hospitality Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.07 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. RCI Hospitality’s dividend payout ratio is currently 33.33%.

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.