RCI Hospitality Holdings, Inc. (RICK) Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) by 15.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,594 shares of the restaurant operator’s stock after purchasing an additional 4,806 shares during the quarter. Russell Investments Group Ltd. owned about 0.37% of RCI Hospitality Holdings worth $849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RICK. Segantii Capital Management Ltd raised its stake in shares of RCI Hospitality Holdings by 552.6% during the first quarter. Segantii Capital Management Ltd now owns 12,400 shares of the restaurant operator’s stock valued at $215,000 after purchasing an additional 10,500 shares in the last quarter. AXA raised its stake in shares of RCI Hospitality Holdings by 39.7% during the first quarter. AXA now owns 34,844 shares of the restaurant operator’s stock valued at $603,000 after purchasing an additional 9,900 shares in the last quarter. ClariVest Asset Management LLC raised its stake in shares of RCI Hospitality Holdings by 58.0% during the first quarter. ClariVest Asset Management LLC now owns 25,418 shares of the restaurant operator’s stock valued at $440,000 after purchasing an additional 9,334 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of RCI Hospitality Holdings during the first quarter valued at about $147,000. Finally, Geode Capital Management LLC raised its stake in shares of RCI Hospitality Holdings by 16.8% during the first quarter. Geode Capital Management LLC now owns 52,575 shares of the restaurant operator’s stock valued at $910,000 after purchasing an additional 7,574 shares in the last quarter. Institutional investors and hedge funds own 48.47% of the company’s stock.

RICK has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of RCI Hospitality Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, May 25th. Westpark Capital reiterated a “buy” rating and issued a $30.00 price target (up from $29.00) on shares of RCI Hospitality Holdings in a research report on Thursday, June 8th.

Shares of RCI Hospitality Holdings, Inc. (NASDAQ RICK) traded down 0.25% during midday trading on Friday, reaching $24.23. 29,031 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $23.83 and its 200 day moving average price is $20.63. The firm has a market capitalization of $235.47 million, a P/E ratio of 21.91 and a beta of 0.28. RCI Hospitality Holdings, Inc. has a 52-week low of $10.92 and a 52-week high of $26.85.

RCI Hospitality Holdings (NASDAQ:RICK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. RCI Hospitality Holdings had a return on equity of 10.75% and a net margin of 7.84%. The firm had revenue of $37.43 million for the quarter, compared to analyst estimates of $37.64 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, equities research analysts anticipate that RCI Hospitality Holdings, Inc. will post $1.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Friday, September 8th. RCI Hospitality Holdings’s payout ratio is 10.62%.

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RCI Hospitality Holdings Company Profile

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Institutional Ownership by Quarter for RCI Hospitality Holdings (NASDAQ:RICK)

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