State Street Corp Increases Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

State Street Corp grew its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,913 shares of the restaurant operator’s stock after purchasing an additional 2,023 shares during the quarter. State Street Corp owned approximately 2.19% of RCI Hospitality worth $8,772,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RICK. Point72 Asset Management L.P. increased its holdings in RCI Hospitality by 146.4% in the third quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 2,948 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of RCI Hospitality by 254.1% during the 3rd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of RCI Hospitality by 20.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,507 shares of the restaurant operator’s stock worth $602,000 after acquiring an additional 2,252 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in RCI Hospitality by 47.4% during the third quarter. BNP Paribas Financial Markets now owns 3,921 shares of the restaurant operator’s stock worth $175,000 after purchasing an additional 1,260 shares during the last quarter. Finally, FMR LLC increased its stake in RCI Hospitality by 132.6% in the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 1,026 shares during the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

RCI Hospitality Stock Up 1.8 %

Shares of NASDAQ:RICK opened at $58.43 on Friday. RCI Hospitality Holdings Inc has a fifty-two week low of $37.61 and a fifty-two week high of $68.26. 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’s 50-day simple moving average is $50.23 and its 200-day simple moving average is $46.33. The company has a market cap of $520.03 million, a price-to-earnings ratio of 112.37 and a beta of 1.60.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, December 16th. RCI Hospitality’s dividend payout ratio (DPR) is 87.50%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday, December 18th. StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

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.