RCI Hospitality (NASDAQ:RICK) Shares Gap Up – Should You Buy?

RCI Hospitality Holdings Inc (NASDAQ:RICK)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $52.13, but opened at $56.00. RCI Hospitality shares last traded at $59.81, with a volume of 132,458 shares traded.

Wall Street Analysts Forecast Growth

RICK has been the subject of several research analyst reports. HC Wainwright restated a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a research report on Wednesday, November 6th. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Monday, October 7th.

RCI Hospitality Stock Up 10.3 %

The stock’s 50-day moving average is $47.86 and its 200-day moving average is $45.66. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. The company has a market cap of $517.50 million, a price-to-earnings ratio of 115.02 and a beta of 1.60.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.28 annualized dividend and a yield of 0.49%. RCI Hospitality’s dividend payout ratio (DPR) is 53.85%.

Institutional Investors Weigh In On RCI Hospitality

A number of hedge funds have recently modified their holdings of RICK. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of RCI Hospitality by 254.1% in the third 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 during the period. Ridgewood Investments LLC increased its holdings in RCI Hospitality by 2.4% in the 2nd quarter. Ridgewood Investments LLC now owns 25,558 shares of the restaurant operator’s stock worth $1,113,000 after acquiring an additional 600 shares during the last quarter. Quest Partners LLC bought a new stake in RCI Hospitality in the 3rd quarter valued at about $29,000. FMR LLC boosted its holdings in shares of RCI Hospitality by 132.6% in the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 1,026 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in shares of RCI Hospitality in the third quarter valued at $54,000. Institutional investors own 53.82% of the company’s stock.

RCI Hospitality Company 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.