SG Americas Securities LLC Purchases 2,382 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

SG Americas Securities LLC grew its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 58.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,437 shares of the restaurant operator’s stock after purchasing an additional 2,382 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of RCI Hospitality worth $287,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of RCI Hospitality by 6.4% during the 1st 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. Annex Advisory Services LLC grew its position in RCI Hospitality by 6.5% during the 1st quarter. Annex Advisory Services LLC now owns 6,947 shares of the restaurant operator’s stock worth $403,000 after acquiring an additional 427 shares during the last quarter. Ridgewood Investments LLC grew its position in RCI Hospitality by 2.4% during the 2nd quarter. Ridgewood Investments LLC now owns 25,558 shares of the restaurant operator’s stock worth $1,113,000 after acquiring an additional 600 shares during the last quarter. BNP Paribas Financial Markets grew its position in RCI Hospitality by 9.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,719 shares of the restaurant operator’s stock worth $448,000 after acquiring an additional 690 shares during the last quarter. Finally, Rhumbline Advisers grew its position in RCI Hospitality by 12.9% during the 2nd quarter. Rhumbline Advisers now owns 12,994 shares of the restaurant operator’s stock worth $566,000 after acquiring an additional 1,481 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

RCI Hospitality Price Performance

Shares of RICK stock opened at $44.02 on Monday. The firm has a market cap of $410.49 million, a P/E ratio of 21.58 and a beta of 1.55. RCI Hospitality Holdings Inc has a fifty-two week low of $37.61 and a fifty-two week high of $69.40. The business’s 50 day moving average price is $44.06 and its 200-day moving average price is $46.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). The business had revenue of $76.18 million during the quarter, compared to the consensus estimate of $72.79 million. RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.07 dividend. This is a positive change from RCI Hospitality’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, September 16th. RCI Hospitality’s dividend payout ratio (DPR) is currently 13.73%.

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.