AQR Capital Management LLC Purchases 2,277 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

AQR Capital Management LLC boosted its holdings in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 61.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,007 shares of the restaurant operator’s stock after acquiring an additional 2,277 shares during the quarter. AQR Capital Management LLC owned 0.07% of RCI Hospitality worth $262,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RICK. Victory Capital Management Inc. purchased a new position in shares of RCI Hospitality in the second quarter worth $76,000. Cubist Systematic Strategies LLC bought a new position in RCI Hospitality during the 2nd quarter valued at about $175,000. SG Americas Securities LLC purchased a new stake in shares of RCI Hospitality during the 2nd quarter valued at about $177,000. EntryPoint Capital LLC grew its stake in shares of RCI Hospitality by 246.3% in the first quarter. EntryPoint Capital LLC now owns 3,958 shares of the restaurant operator’s stock worth $230,000 after acquiring an additional 2,815 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of RCI Hospitality by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,204 shares of the restaurant operator’s stock valued at $360,000 after purchasing an additional 371 shares during the last quarter. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

RCI Hospitality Price Performance

NASDAQ RICK opened at $44.48 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $400.32 million, a P/E ratio of 85.54 and a beta of 1.55. The company has a 50-day moving average price of $44.11 and a 200-day moving average price of $46.17. RCI Hospitality Holdings Inc has a 52 week low of $37.61 and a 52 week high of $69.40.

RCI Hospitality (NASDAQ:RICK) last announced its earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). The business had revenue of $76.18 million for the quarter, compared to analysts’ expectations of $72.79 million. RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that RCI Hospitality Holdings Inc will post 0.66 earnings per share for the current year.

RCI Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.07 dividend. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, September 16th. RCI Hospitality’s dividend payout ratio (DPR) is currently 53.85%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RICK shares. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday, October 7th. HC Wainwright restated a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a research note on Wednesday, October 9th.

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.