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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.12 and traded as high as $24.50. RCI Hospitality shares last traded at $24.07, with a volume of 35,009 shares.

RCI Hospitality Stock Performance

The company has a market cap of $184.14 million, a P/E ratio of -63.34 and a beta of 0.76. The business has a 50 day moving average price of $23.91 and a two-hundred day moving average price of $24.12. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.59 and a current ratio of 0.66.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings results on Thursday, March 19th. The restaurant operator reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($2.44). The company had revenue of $70.93 million for the quarter, compared to the consensus estimate of $69.80 million. RCI Hospitality had a negative return on equity of 4.24% and a negative net margin of 3.85%.

RCI Hospitality Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, March 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. This is an increase from RCI Hospitality’s previous quarterly dividend of $0.07. RCI Hospitality’s dividend payout ratio (DPR) is currently -84.21%.

Institutional Investors Weigh In On RCI Hospitality

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of 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 period. State of Alaska Department of Revenue bought a new stake in shares of RCI Hospitality in the fourth quarter worth about $54,000. CWM LLC increased its holdings in RCI Hospitality by 1,256.9% during the 3rd quarter. CWM LLC now owns 1,954 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 1,810 shares during the period. State of Wyoming purchased a new position in RCI Hospitality during the 4th quarter valued at about $67,000. Finally, Copeland Capital Management LLC raised its position in RCI Hospitality by 122.0% during the 1st quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 1,816 shares during the last quarter. Institutional investors own 53.82% of the company’s stock.

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.