RCI Hospitality Holdings Inc. is publicly traded and can be found on the NASDAQ under the symbol “RICK.” HC Wainwright increased their predictions for RCI Hospitality’s earnings per share (EPS) for 2024 in a research report distributed to clients and investors on January 11th. The report was about the company’s financial prospects. In light of recent developments, S. Buck, an analyst at HC Wainwright, is projecting that the restaurant operator will earn $7.27 per share over this year. This figure represents a significant increase from the previous projections, which stood at $7.05. A “buy” rating has been assigned to the stock by HC Wainwright, and the brokerage firm has established a price objective of $140.00 for the shares. As of this moment, the current average projection for RCI Hospitality’s earnings throughout the entirety of the year is $5.95 per share. These projections are based on past performance.
When trading started on Thursday, the price of a share of RICK was $96.97 per share. The company’s market capitalization of $895.03 million can be attributed to several factors, including its price-to-earnings ratio of 19.79, its price-to-earnings-to-growth ratio of 1.28, and its beta value of 1.71. The stock’s moving average over the past 50 days is $88.57, and its moving average over the past 200 days is $73.22, respectively. One year ago, RCI Hospitality experienced an all-time low of $46.49 and a high of $97.17. Both of these prices were reached a year ago. The debt-to-equity ratio is 0.79, the current ratio is 1.62, and the quick ratio is 1.50. All of these numbers are relative to one another. These numbers can all be understood by one another.
Separately, StockNews.com announced in a research note released on Sunday that the website has upgraded its rating for RCI Hospitality, moving it from “hold” to “buy.” This was reported in a separate piece of news.
Recently, a significant number of institutional investors and hedge funds have adjusted the proportion of RICK stock they own at their respective funds. American Century Companies Inc. spent roughly $459,00 during the first three months of the year to expand its holdings in RCI Hospitality. This move was made to increase the company’s overall portfolio value. MetLife Investment Management LLC increased the number of RCI Hospitality shares it held by 54.8 percent over the first three months of 2018. After purchasing an additional 1,440 shares during the most recent quarter, MetLife Investment Management LLC has a total of 4,070 shares of the restaurant operator’s stock, which is $25,000. This brings the total number of shares the company owns to 4,070. Panagora Asset Management Inc. purchased RCI Hospitality shares with a total value of $1,024,000 during the year’s first three months. BlackRock Inc. increased the percentage of RCI Hospitality shares it owned by 2.5% during the first three months of the year. BlackRock Inc. now has 548,393 shares of the restaurant operator’s stock, valued at $33,705,000, after purchasing an additional 13,495 shares during the period in question. This brings the total number of shares owned by BlackRock Inc. to 548,393. And finally, during the first three months of this year, Covestor Ltd. purchased 41 thousand dollars worth of RCI Hospitality shares, bringing the total amount spent on the company’s stock to 41 thousand dollars. To the tune of 46.76% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 29th. In addition, the company just recently announced and distributed a dividend. On December 15th, a dividend payment of $0.05 per share was made to shareholders who were recorded as having company shares. This payment was made to shareholders who were recorded as having company shares. When calculated on an annualized basis, this results in a dividend payment of $0.20 per share and a dividend yield of 0.21%. As of December 14th, it was considered that this dividend had been paid out in its entirety. RCI Hospitality’s dividend payout ratio (DPR) is currently at 4.08%.