Bank of New York Mellon Corp grew its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 18.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,829 shares of the restaurant operator’s stock after acquiring an additional 8,264 shares during the quarter. Bank of New York Mellon Corp’s holdings in RCI Hospitality were worth $1,703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RICK. A.R.T. Advisors LLC bought a new stake in RCI Hospitality during the first quarter worth $289,000. Citigroup Inc. grew its holdings in RCI Hospitality by 686.0% during the first quarter. Citigroup Inc. now owns 10,241 shares of the restaurant operator’s stock worth $290,000 after buying an additional 8,938 shares in the last quarter. Bessemer Group Inc. grew its holdings in RCI Hospitality by 31.3% during the second quarter. Bessemer Group Inc. now owns 13,000 shares of the restaurant operator’s stock worth $411,000 after buying an additional 3,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in RCI Hospitality by 35.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,500 shares of the restaurant operator’s stock worth $617,000 after buying an additional 5,100 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in RCI Hospitality by 114.5% during the first quarter. Millennium Management LLC now owns 120,826 shares of the restaurant operator’s stock worth $3,430,000 after buying an additional 64,492 shares in the last quarter. Hedge funds and other institutional investors own 49.31% of the company’s stock.

Shares of RCI Hospitality stock opened at $27.33 on Friday. RCI Hospitality Holdings Inc has a 12-month low of $26.18 and a 12-month high of $34.84. The firm has a market cap of $287.75 million, a P/E ratio of 19.44 and a beta of 0.71. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 0.75.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, August 9th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. RCI Hospitality had a return on equity of 13.85% and a net margin of 13.48%. The business had revenue of $42.63 million during the quarter, compared to the consensus estimate of $40.97 million. On average, equities analysts anticipate that RCI Hospitality Holdings Inc will post 2.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Monday, September 10th were given a $0.03 dividend. The ex-dividend date was Friday, September 7th. This represents a $0.12 annualized dividend and a yield of 0.44%. RCI Hospitality’s dividend payout ratio is currently 8.39%.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded RCI Hospitality from a “strong sell” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Finally, Westpark Capital reiterated a “buy” rating and set a $34.00 price target on shares of RCI Hospitality in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.00.

RCI Hospitality Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in two segments, Nightclubs and Bombshells. The company owns 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

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

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