RCI Hospitality Holdings Inc (NASDAQ:RICK) Stake Lifted by EntryPoint Capital LLC

EntryPoint Capital LLC increased its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 21.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,392 shares of the restaurant operator’s stock after buying an additional 1,306 shares during the quarter. EntryPoint Capital LLC’s holdings in RCI Hospitality were worth $425,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of RCI Hospitality by 1.0% in the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock valued at $8,772,000 after buying an additional 2,023 shares during the period. American Century Companies Inc. raised its position in RCI Hospitality by 63.7% in the fourth quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator’s stock worth $6,030,000 after acquiring an additional 40,822 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in RCI Hospitality by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator’s stock valued at $3,912,000 after acquiring an additional 363 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of RCI Hospitality by 29.4% during the 4th quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator’s stock valued at $3,773,000 after purchasing an additional 14,919 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of RCI Hospitality by 330.2% in the 3rd 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 last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. HC Wainwright restated a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a report on Wednesday, February 12th.

RCI Hospitality Stock Performance

Shares of RICK opened at $46.48 on Wednesday. The company has a 50-day moving average of $50.78 and a two-hundred day moving average of $49.61. The stock has a market cap of $412.14 million, a price-to-earnings ratio of 83.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92. RCI Hospitality Holdings Inc has a one year low of $37.61 and a one year high of $61.66.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, March 17th. RCI Hospitality’s payout ratio is 50.00%.

RCI Hospitality 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.