RCI Hospitality Holdings Inc (NASDAQ:RICK) Short Interest Update

RCI Hospitality Holdings Inc (NASDAQ:RICK) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 581,900 shares, an increase of 50.4% from the May 15th total of 386,800 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily volume of 70,000 shares, the days-to-cover ratio is currently 8.3 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. HC Wainwright cut their price target on RCI Hospitality from $115.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. TheStreet lowered RCI Hospitality from a “b-” rating to a “c+” rating in a research note on Tuesday, March 5th. Finally, StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th.

RCI Hospitality Trading Down 4.9 %

NASDAQ RICK traded down $2.26 on Friday, reaching $43.63. The company had a trading volume of 84,662 shares, compared to its average volume of 98,799. The stock’s 50 day moving average is $48.63 and its 200-day moving average is $56.06. The stock has a market cap of $407.07 million, a price-to-earnings ratio of 21.39, a PEG ratio of 1.45 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 0.72. RCI Hospitality has a 52 week low of $41.79 and a 52 week high of $78.21.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, May 9th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.73). RCI Hospitality had a return on equity of 6.80% and a net margin of 6.46%. The business had revenue of $72.28 million during the quarter, compared to the consensus estimate of $72.12 million. Equities analysts predict that RCI Hospitality will post 2.65 earnings per share for the current year.

RCI Hospitality Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.06 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.55%. RCI Hospitality’s dividend payout ratio (DPR) is currently 11.76%.

Insiders Place Their Bets

In other RCI Hospitality news, Director Johnson Martin Elaine acquired 539 shares of RCI Hospitality stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of $46.40 per share, with a total value of $25,009.60. Following the completion of the purchase, the director now owns 10,530 shares in the company, valued at $488,592. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.34% of the company’s stock.

Institutional Investors Weigh In On RCI Hospitality

Several large investors have recently modified their holdings of RICK. Swiss National Bank increased its holdings in shares of RCI Hospitality by 3.3% in the third quarter. Swiss National Bank now owns 18,700 shares of the restaurant operator’s stock worth $1,134,000 after acquiring an additional 600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of RCI Hospitality by 184.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 66,737 shares of the restaurant operator’s stock worth $4,048,000 after buying an additional 43,273 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of RCI Hospitality by 2.2% during the third quarter. Vanguard Group Inc. now owns 475,370 shares of the restaurant operator’s stock worth $28,836,000 after buying an additional 10,411 shares in the last quarter. Pasadena Private Wealth LLC bought a new position in shares of RCI Hospitality during the fourth quarter worth about $388,000. Finally, Mutual Advisors LLC bought a new position in shares of RCI Hospitality during the fourth quarter worth about $354,000. 53.82% of the stock is currently owned by institutional investors.

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.