RCI Hospitality (NASDAQ:RICK) Stock Crosses Above 200 Day Moving Average – What’s Next?

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.48 and traded as high as $26.35. RCI Hospitality shares last traded at $25.99, with a volume of 34,852 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

RCI Hospitality Price Performance

The firm has a 50-day simple moving average of $25.82 and a two-hundred day simple moving average of $24.48. The company has a market capitalization of $198.56 million, a price-to-earnings ratio of -33.32 and a beta of 0.75. The company has a current ratio of 0.55, a quick ratio of 0.49 and a debt-to-equity ratio of 0.93.

RCI Hospitality Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. RCI Hospitality’s payout ratio is presently -41.03%.

Hedge Funds Weigh In On RCI Hospitality

Several large investors have recently made changes to their positions in RICK. BNP Paribas Financial Markets boosted its holdings in RCI Hospitality by 62.0% during the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock worth $32,000 after buying an additional 324 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in RCI Hospitality during the fourth quarter valued at $54,000. State of Wyoming purchased a new position in RCI Hospitality in the fourth quarter valued at $67,000. Copeland Capital Management LLC increased its holdings in RCI Hospitality by 122.0% in the first quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 1,816 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of RCI Hospitality in the third quarter worth about $115,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.