RCI Hospitality (NASDAQ:RICK) Shares Cross Above 200 Day Moving Average – Here’s Why

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.72 and traded as high as $26.60. RCI Hospitality shares last traded at $26.07, with a volume of 39,604 shares traded.

Analyst Ratings Changes

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 data from MarketBeat.com, the stock currently has an average rating of “Sell”.

RCI Hospitality Stock Up 0.8%

The firm’s 50 day moving average price is $26.14 and its two-hundred day moving average price is $24.72. The company has a market cap of $199.17 million, a P/E ratio of -33.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.49 and a current ratio of 0.55.

RCI Hospitality Announces Dividend

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. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, June 15th. RCI Hospitality’s dividend payout ratio (DPR) is presently -41.03%.

Hedge Funds Weigh In On RCI Hospitality

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of RCI Hospitality by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 516,933 shares of the restaurant operator’s stock worth $15,772,000 after purchasing an additional 14,603 shares in the last quarter. Steel Partners Holdings L.P. bought a new stake in RCI Hospitality in the 4th quarter valued at about $7,459,000. State Street Corp raised its stake in RCI Hospitality by 0.4% during the 4th quarter. State Street Corp now owns 185,138 shares of the restaurant operator’s stock worth $4,414,000 after buying an additional 698 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in RCI Hospitality by 4.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 178,588 shares of the restaurant operator’s stock worth $5,449,000 after buying an additional 7,140 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in RCI Hospitality by 30.1% in the fourth quarter. AQR Capital Management LLC now owns 99,461 shares of the restaurant operator’s stock worth $2,371,000 after acquiring an additional 23,015 shares in the last quarter. Institutional investors and hedge funds own 53.82% of the company’s stock.

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.