RCI Hospitality (NASDAQ:RICK) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.76 and traded as high as $25.90. RCI Hospitality shares last traded at $25.16, with a volume of 40,864 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RCI Hospitality in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

RCI Hospitality Trading Up 1.8%

The company has a quick ratio of 0.49, a current ratio of 0.55 and a debt-to-equity ratio of 0.93. The business has a 50-day simple moving average of $26.38 and a 200-day simple moving average of $24.76. The company has a market cap of $198.26 million, a PE ratio of -33.27 and a beta of 0.76.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, June 15th. RCI Hospitality’s payout ratio is currently -41.03%.

Hedge Funds Weigh In On RCI Hospitality

Several hedge funds have recently bought and sold shares of RICK. BNP Paribas Financial Markets grew its position in RCI Hospitality by 62.0% in the 2nd 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 in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of RCI Hospitality during the fourth quarter worth about $54,000. State of Wyoming acquired a new stake in shares of RCI Hospitality during the fourth quarter worth about $67,000. Copeland Capital Management LLC boosted its stake in shares of 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 purchasing an additional 1,816 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of RCI Hospitality in the third quarter valued at approximately $115,000. Institutional investors and hedge funds 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.