Geode Capital Management LLC Lowers Stock Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Geode Capital Management LLC cut its holdings in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,092 shares of the restaurant operator’s stock after selling 4,553 shares during the quarter. Geode Capital Management LLC owned approximately 2.18% of RCI Hospitality worth $8,737,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RICK. Barclays PLC grew its holdings in RCI Hospitality by 330.2% in the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after purchasing an additional 10,433 shares during the period. State Street Corp boosted its position in shares of RCI Hospitality by 1.0% in the 3rd 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. Point72 Asset Management L.P. grew its stake in shares of RCI Hospitality by 146.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator’s stock worth $221,000 after buying an additional 2,948 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in RCI Hospitality by 254.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 498 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 valued at $602,000 after buying an additional 2,252 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Price Performance

Shares of NASDAQ RICK opened at $57.17 on Friday. The firm has a market cap of $508.81 million, a P/E ratio of 109.94 and a beta of 1.60. RCI Hospitality Holdings Inc has a twelve month low of $37.61 and a twelve month high of $64.55. 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 company has a 50 day moving average of $51.63 and a 200 day moving average of $46.78.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, December 16th. RCI Hospitality’s payout ratio is currently 87.50%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RICK shares. StockNews.com cut RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. HC Wainwright reissued a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a research report on Wednesday, December 18th.

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.