RCI Hospitality (NASDAQ:RICK) Stock Price Breaks Above 200-Day Moving Average – Should You Sell?

Shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $26.71 and traded as high as $27.50. RCI Hospitality shares last traded at $27.16, with a volume of 39,222 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of RCI Hospitality in a research note on Monday, August 31st. Wall Street Zen raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

RCI Hospitality Trading Up 0.6%

The firm has a market cap of $207.50 million, a price-to-earnings ratio of -66.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.48 and a current ratio of 0.56. The company has a 50 day moving average price of $28.14 and a 200 day moving average price of $26.71.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter. The firm had revenue of $73.94 million during the quarter. RCI Hospitality had a negative return on equity of 1.74% and a negative net margin of 1.48%.

RCI Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. RCI Hospitality’s dividend payout ratio (DPR) is currently -78.05%.

Institutional Investors Weigh In On RCI Hospitality

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Copeland Capital Management LLC boosted its position in shares of RCI Hospitality by 122.0% during the 1st quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 1,816 shares during the period. State of Wyoming purchased a new stake in RCI Hospitality in the second quarter valued at approximately $79,000. Deutsche Bank AG purchased a new stake in RCI Hospitality in the second quarter valued at approximately $180,000. Squarepoint Ops LLC acquired a new position in RCI Hospitality during the second quarter worth $224,000. Finally, Manatuck Hill Partners LLC acquired a new position in RCI Hospitality during the second quarter worth $273,000. 53.82% of the stock is owned by hedge funds and other institutional investors.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc is a hospitality and entertainment company that operates adult nightclubs, sports bars and restaurants in the United States. The company serves customers through a portfolio of adult-entertainment venues, including Rick’s Cabaret, Club Onyx, Tootsie’s Cabaret, Jaguars and other regional brands.

RCI also operates Bombshells Restaurant & Bar, a sports-themed restaurant and bar concept offering food, beverages and televised sports in a casual setting. In addition to operating venues, the company has pursued a strategy of owning the real estate associated with certain locations, supporting its hospitality operations with a property portfolio.

The company, formerly known as Rick’s Cabaret International, has expanded from its original adult-nightclub business into a broader hospitality platform with locations across multiple U.S.