RCI Hospitality Holdings Inc (NASDAQ:RICK) Stock Holdings Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,707 shares of the restaurant operator’s stock after selling 2,074 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.75% of RCI Hospitality worth $3,016,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RICK. Progeny 3 Inc. increased its stake in shares of RCI Hospitality by 23.5% in the second quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock valued at $20,080,000 after purchasing an additional 87,832 shares during the period. Bank of New York Mellon Corp increased its position in RCI Hospitality by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,704 shares of the restaurant operator’s stock valued at $2,644,000 after acquiring an additional 4,126 shares during the period. Aptus Capital Advisors LLC raised its stake in RCI Hospitality by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock valued at $2,250,000 after acquiring an additional 10,275 shares in the last quarter. American Century Companies Inc. boosted its position in RCI Hospitality by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock worth $2,101,000 after acquiring an additional 6,174 shares during the period. Finally, DHK Financial Advisors Inc. bought a new position in shares of RCI Hospitality in the second quarter worth $1,699,000. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Stock Performance

Shares of NASDAQ RICK opened at $52.09 on Friday. RCI Hospitality Holdings Inc has a 1 year low of $37.61 and a 1 year high of $69.40. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a fifty day moving average price of $47.64 and a two-hundred day moving average price of $45.60. The firm has a market cap of $468.65 million, a P/E ratio of 100.17 and a beta of 1.60.

RCI Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Monday, December 16th. RCI Hospitality’s payout ratio is currently 53.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. HC Wainwright restated a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a research note on Wednesday, November 6th. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Monday, October 7th.

RCI Hospitality Company 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.