RCI Hospitality Holdings Inc (RICK) to Issue Quarterly Dividend of $0.07 on March 31st

RCI Hospitality Holdings Inc (NASDAQ:RICK) declared a quarterly dividend on Monday, March 3rd, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.07 per share by the restaurant operator on Monday, March 31st. This represents a $0.28 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, March 17th.

RCI Hospitality has raised its dividend by an average of 17.6% annually over the last three years. RCI Hospitality has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RCI Hospitality to earn $6.35 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 4.4%.

RCI Hospitality Price Performance

NASDAQ:RICK opened at $45.40 on Friday. The stock has a market cap of $402.56 million, a P/E ratio of 81.07 and a beta of 1.72. RCI Hospitality has a one year low of $37.61 and a one year high of $61.66. The company has a fifty day moving average price of $52.11 and a 200 day moving average price of $49.47. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92.

Hedge Funds Weigh In On RCI Hospitality

An institutional investor recently bought a new position in RCI Hospitality stock. Brighton Jones LLC bought a new position in RCI Hospitality Holdings Inc (NASDAQ:RICK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,670 shares of the restaurant operator’s stock, valued at approximately $211,000. 53.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RICK has been the subject of several research analyst reports. HC Wainwright reiterated a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, February 12th. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

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.