RCI Hospitality (NASDAQ:RICK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.37 and traded as high as $28.45. RCI Hospitality shares last traded at $27.07, with a volume of 38,260 shares.

Wall Street Analysts Forecast Growth

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

RCI Hospitality Stock Up 3.6%

The company has a debt-to-equity ratio of 0.93, a current ratio of 0.55 and a quick ratio of 0.49. The stock has a fifty day moving average price of $25.43 and a two-hundred day moving average price of $24.38. The company has a market cap of $213.08 million, a P/E ratio of -35.76 and a beta of 0.76.

RCI Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. RCI Hospitality’s dividend payout ratio (DPR) is currently -41.03%.

Institutional Investors Weigh In On RCI Hospitality

A number of hedge funds have recently made changes to their positions in RICK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in RCI Hospitality by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock worth $214,000 after buying an additional 234 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in RCI Hospitality by 62.0% in the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 324 shares during the last quarter. Invesco Ltd. boosted its stake in RCI Hospitality by 4.5% in the second quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator’s stock valued at $477,000 after acquiring an additional 536 shares during the last quarter. State Street Corp grew its position in shares of RCI Hospitality by 0.4% during the 4th quarter. State Street Corp now owns 185,138 shares of the restaurant operator’s stock valued at $4,414,000 after acquiring an additional 698 shares during the period. Finally, Barclays PLC grew its position in shares of RCI Hospitality by 7.3% during the 4th quarter. Barclays PLC now owns 17,462 shares of the restaurant operator’s stock valued at $416,000 after acquiring an additional 1,188 shares during the period. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Company Profile

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.