RCI Hospitality Holdings, Inc. to Issue Quarterly Dividend of $0.03 (RICK)
RCI Hospitality Holdings, Inc. (NASDAQ:RICK) declared a quarterly dividend on Wednesday, August 16th, RTT News reports. Stockholders of record on Monday, September 11th will be given a dividend of 0.03 per share by the restaurant operator on Monday, September 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.48%.
RCI Hospitality Holdings (RICK) traded down 1.20% on Wednesday, hitting $24.70. The stock had a trading volume of 16,602 shares. RCI Hospitality Holdings has a 52-week low of $10.58 and a 52-week high of $26.85. The firm has a market cap of $240.03 million, a PE ratio of 25.18 and a beta of 0.25. The company has a 50-day moving average price of $23.60 and a 200 day moving average price of $19.71.
RCI Hospitality Holdings (NASDAQ:RICK) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $37.43 million during the quarter, compared to analyst estimates of $37.64 million. RCI Hospitality Holdings had a return on equity of 10.75% and a net margin of 7.84%. During the same quarter in the prior year, the business posted $0.34 EPS. Equities analysts forecast that RCI Hospitality Holdings will post $1.44 earnings per share for the current fiscal year.
RICK has been the subject of a number of recent research reports. Zacks Investment Research upgraded RCI Hospitality Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Thursday, May 25th. Westpark Capital reiterated a “buy” rating and set a $30.00 price objective (up previously from $29.00) on shares of RCI Hospitality Holdings in a research note on Thursday, June 8th.
A hedge fund recently bought a new stake in RCI Hospitality Holdings stock. State Street Corp bought a new position in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 105,227 shares of the restaurant operator’s stock, valued at approximately $2,508,000. State Street Corp owned about 1.08% of RCI Hospitality Holdings as of its most recent filing with the SEC. Institutional investors own 40.42% of the company’s stock.
About RCI Hospitality Holdings
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