RCI Hospitality Holdings Inc (NASDAQ:RICK - Get Free Report) Director Johnson Martin Elaine bought 266 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $47.00 per share, for a total transaction of $12,502.00. Following the completion of the transaction, the director now owns 11,645 shares in the company, valued at $547,315. This represents a 2.34 % increase in their position. The acquisition 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 Friday, February 14th, Johnson Martin Elaine bought 195 shares of RCI Hospitality stock. The shares were acquired at an average price of $51.00 per share, for a total transaction of $9,945.00.
RCI Hospitality Price Performance
NASDAQ:RICK traded down $0.39 on Friday, reaching $46.66. The stock had a trading volume of 80,794 shares, compared to its average volume of 82,874. The company has a market capitalization of $413.73 million, a P/E ratio of 83.32 and a beta of 1.72. RCI Hospitality Holdings Inc has a 1-year low of $37.61 and a 1-year high of $61.66. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $53.36 and a 200-day moving average price of $49.52.
RCI Hospitality Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Monday, March 17th. RCI Hospitality's dividend payout ratio is presently 50.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. HC Wainwright restated a "buy" rating and issued a $98.00 price target on shares of RCI Hospitality in a research report on Wednesday, February 12th. StockNews.com upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.
Check Out Our Latest Report on RCI Hospitality
Hedge Funds Weigh In On RCI Hospitality
A number of institutional investors have recently modified their holdings of RICK. Quest Partners LLC bought a new position in shares of RCI Hospitality in the third quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of RCI Hospitality by 254.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 498 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of RCI Hospitality by 356.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator's stock worth $49,000 after acquiring an additional 660 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of RCI Hospitality in the fourth quarter worth about $53,000. Finally, AlphaQuest LLC raised its stake in shares of RCI Hospitality by 107.4% in the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator's stock worth $77,000 after acquiring an additional 693 shares during the last quarter. 53.82% of the stock is owned by institutional investors.
About RCI Hospitality
(
Get Free Report)
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.
Featured Stories
Before you consider RCI Hospitality, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RCI Hospitality wasn't on the list.
While RCI Hospitality currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
