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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.13 and traded as high as $25.84. RCI Hospitality shares last traded at $25.10, with a volume of 68,699 shares traded.

RCI Hospitality Price Performance

The firm has a market cap of $191.76 million, a PE ratio of -32.18 and a beta of 0.76. The firm has a fifty day simple moving average of $24.56 and a two-hundred day simple moving average of $24.13. 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 (NASDAQ:RICK) last released its quarterly earnings results on Thursday, March 19th. The restaurant operator reported ($0.63) earnings per share for the quarter, missing the consensus estimate of $1.81 by ($2.44). The firm had revenue of $70.93 million for the quarter, compared to analysts’ expectations of $69.80 million. RCI Hospitality had a negative net margin of 2.31% and a negative return on equity of 2.61%.

RCI Hospitality Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, June 15th. RCI Hospitality’s dividend payout ratio (DPR) is currently -41.03%.

Hedge Funds Weigh In On RCI Hospitality

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of RCI Hospitality by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 234 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of RCI Hospitality by 62.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 324 shares during the period. Invesco Ltd. boosted its holdings in shares of RCI Hospitality by 4.5% in the 2nd quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator’s stock worth $477,000 after purchasing an additional 536 shares during the period. State Street Corp boosted its holdings in shares of RCI Hospitality by 0.4% in the 4th quarter. State Street Corp now owns 185,138 shares of the restaurant operator’s stock worth $4,414,000 after purchasing an additional 698 shares during the period. Finally, Barclays PLC boosted its holdings in shares of RCI Hospitality by 7.3% in the 4th quarter. Barclays PLC now owns 17,462 shares of the restaurant operator’s stock worth $416,000 after purchasing an additional 1,188 shares during the period. Hedge funds and other institutional investors 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.