Insider Buying: RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Buys 336 Shares of Stock

RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Johnson Martin Elaine acquired 336 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of $63.77 per share, for a total transaction of $21,426.72. Following the completion of the acquisition, the director now owns 9,085 shares in the company, valued at $579,350.45. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Johnson Martin Elaine also recently made the following trade(s):

• On Wednesday, August 23rd, Johnson Martin Elaine bought 78 shares of RCI Hospitality stock. The stock was acquired at an average cost of $64.00 per share, for a total transaction of $4,992.00.
• On Monday, August 14th, Johnson Martin Elaine purchased 74 shares of RCI Hospitality stock. The shares were acquired at an average price of $67.00 per share, with a total value of $4,958.00.

RCI Hospitality Stock Up 0.4 %

Shares of NASDAQ:RICK traded up $0.26 during midday trading on Monday, reaching $63.86. The company had a trading volume of 10,499 shares, compared to its average volume of 58,789. RCI Hospitality Holdings Inc has a 1-year low of $61.49 and a 1-year high of $97.45. The stock has a market cap of $601.56 million, a PE ratio of 15.70, a P/E/G ratio of 1.22 and a beta of 1.65. The business’s 50 day moving average price is $67.47 and its 200 day moving average price is $73.34. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.78.

RCI Hospitality (NASDAQ:RICK) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.32). RCI Hospitality had a net margin of 12.99% and a return on equity of 16.85%. The business had revenue of $77.06 million during the quarter, compared to analysts’ expectations of $77.06 million. Research analysts forecast that RCI Hospitality Holdings Inc will post 4.37 EPS for the current fiscal year.

RCI Hospitality Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Thursday, September 14th. RCI Hospitality’s dividend payout ratio (DPR) is currently 5.93%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RICK. BlackRock Inc. lifted its position in RCI Hospitality by 5.1% during the second quarter. BlackRock Inc. now owns 593,419 shares of the restaurant operator’s stock valued at $45,094,000 after acquiring an additional 29,048 shares during the last quarter. Vanguard Group Inc. lifted its position in RCI Hospitality by 2.2% during the third quarter. Vanguard Group Inc. now owns 422,141 shares of the restaurant operator’s stock valued at $27,583,000 after acquiring an additional 9,148 shares during the last quarter. State Street Corp lifted its position in RCI Hospitality by 4.6% during the first quarter. State Street Corp now owns 175,211 shares of the restaurant operator’s stock valued at $13,696,000 after acquiring an additional 7,733 shares during the last quarter. Geode Capital Management LLC increased its stake in RCI Hospitality by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 175,108 shares of the restaurant operator’s stock valued at $13,306,000 after purchasing an additional 7,751 shares in the last quarter. Finally, Scholtz & Company LLC increased its stake in RCI Hospitality by 3.1% during the 2nd quarter. Scholtz & Company LLC now owns 121,483 shares of the restaurant operator’s stock valued at $9,231,000 after purchasing an additional 3,632 shares in the last quarter. Hedge funds and other institutional investors own 41.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RICK shares. Noble Financial reduced their target price on RCI Hospitality from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, August 14th. HC Wainwright reaffirmed a “buy” rating and issued a $126.00 target price on shares of RCI Hospitality in a research report on Friday, August 11th. Finally, StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a report on Friday.

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.