Vanguard Group Inc. Sells 16,731 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Vanguard Group Inc. reduced its holdings in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 500,660 shares of the restaurant operator's stock after selling 16,731 shares during the quarter. Vanguard Group Inc. owned about 5.63% of RCI Hospitality worth $28,773,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of RCI Hospitality by 1.0% in the 3rd quarter. State Street Corp now owns 196,913 shares of the restaurant operator's stock valued at $8,772,000 after acquiring an additional 2,023 shares in the last quarter. American Century Companies Inc. boosted its position in shares of RCI Hospitality by 63.7% during the 4th quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator's stock worth $6,030,000 after purchasing an additional 40,822 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of RCI Hospitality by 0.5% in the 4th 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 period. Bank of New York Mellon Corp increased its position in RCI Hospitality by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator's stock valued at $3,773,000 after buying an additional 14,919 shares in the last quarter. Finally, Barclays PLC raised its stake in RCI Hospitality by 330.2% during the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator's stock worth $605,000 after buying an additional 10,433 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

RCI Hospitality Stock Up 1.9 %

Shares of RCI Hospitality stock traded up $0.70 on Friday, hitting $37.51. The company had a trading volume of 55,901 shares, compared to its average volume of 86,421. RCI Hospitality Holdings Inc has a 1 year low of $35.00 and a 1 year high of $61.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02. The stock has a 50 day moving average of $45.12 and a 200-day moving average of $48.95. The stock has a market capitalization of $332.60 million, a price-to-earnings ratio of 66.98 and a beta of 1.45.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's dividend payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RICK shares. HC Wainwright reaffirmed a "buy" rating and set a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday, April 9th. StockNews.com raised shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.

RCI Hospitality Profile

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.