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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $26.24 and traded as high as $27.86. RCI Hospitality shares last traded at $27.48, with a volume of 22,185 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have commented on RICK shares. Wall Street Zen upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

RCI Hospitality Trading Down 0.1%

The company’s 50 day moving average price is $28.31 and its 200 day moving average price is $26.28. The company has a market cap of $206.13 million, a price-to-earnings ratio of -65.80 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.48 and a current ratio of 0.56.

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

RCI Hospitality Announces Dividend

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

Institutional Trading of RCI Hospitality

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of RCI Hospitality during the 2nd quarter valued at about $16,785,000. Bank of New York Mellon Corp acquired a new stake in RCI Hospitality in the 2nd quarter worth approximately $2,239,000. JB Capital Partners LP acquired a new stake in RCI Hospitality in the 2nd quarter worth approximately $1,639,200. PDT Partners LLC bought a new stake in RCI Hospitality during the second quarter worth approximately $1,184,000. Finally, Man Group plc bought a new stake in RCI Hospitality during the second quarter worth approximately $1,085,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc is a Houston-based hospitality and entertainment company that operates adult nightclubs, sports bars and restaurants in the United States. Its businesses serve customers through a portfolio of company-owned and franchised venues, with operations focused primarily on adult entertainment and casual dining.

The company’s adult entertainment venues operate under brands that include Rick’s Cabaret, Club Onyx, Tootsie’s Cabaret and Scarlett’s Cabaret. RCI also operates Bombshells Restaurant & Bar, a military-themed sports bar and restaurant concept offering food, beverages and televised sporting events.