Victory Capital Management Inc. Purchases 4,049 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Victory Capital Management Inc. boosted its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 233.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,784 shares of the restaurant operator’s stock after purchasing an additional 4,049 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of RCI Hospitality worth $332,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in RCI Hospitality by 1.0% in the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock worth $8,772,000 after purchasing an additional 2,023 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in RCI Hospitality by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator’s stock worth $3,912,000 after purchasing an additional 363 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in RCI Hospitality by 29.4% in the fourth quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator’s stock worth $3,773,000 after purchasing an additional 14,919 shares in the last quarter. Barclays PLC grew its stake in shares of RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after acquiring an additional 10,433 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of RCI Hospitality by 20.0% during the third 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 during the last quarter. 53.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RICK shares. HC Wainwright restated a “buy” rating and set a $98.00 price target on shares of RCI Hospitality in a research note on Wednesday, February 12th. StockNews.com upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

RCI Hospitality Price Performance

Shares of NASDAQ RICK opened at $45.14 on Friday. The business’s 50 day moving average price is $51.04 and its 200 day moving average price is $49.49. The firm has a market cap of $400.26 million, a P/E ratio of 80.61 and a beta of 1.72. RCI Hospitality Holdings Inc has a 52 week low of $37.61 and a 52 week high of $61.66. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81.

RCI Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.62%. RCI Hospitality’s dividend payout ratio is currently 50.00%.

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.