RCI Hospitality Holdings Inc (NASDAQ:RICK - Get Free Report) announced a quarterly dividend on Monday, March 3rd, RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.07 per share by the restaurant operator on Monday, March 31st. This represents a $0.28 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Monday, March 17th.
RCI Hospitality has increased its dividend payment by an average of 17.6% annually over the last three years. RCI Hospitality has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Analysts expect RCI Hospitality to earn $6.35 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 4.4%.
RCI Hospitality Price Performance
Shares of NASDAQ RICK traded down $0.66 during midday trading on Thursday, reaching $47.05. The company's stock had a trading volume of 76,844 shares, compared to its average volume of 82,726. RCI Hospitality has a one year low of $37.61 and a one year high of $61.66. The company has a market cap of $417.19 million, a price-to-earnings ratio of 84.02 and a beta of 1.72. The company has a 50 day moving average price of $53.81 and a 200 day moving average price of $49.48. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.81.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in RCI Hospitality stock. Brighton Jones LLC acquired a new position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,670 shares of the restaurant operator's stock, valued at approximately $211,000. Hedge funds and other institutional investors own 53.82% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. StockNews.com upgraded RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. HC Wainwright reaffirmed a "buy" rating and set a $98.00 target price on shares of RCI Hospitality in a report on Wednesday, February 12th.
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RCI Hospitality Company Profile
(
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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.
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