RCI Hospitality (NASDAQ:RICK) Share Price Passes Above 200-Day Moving Average – Time to Sell?

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.23 and traded as high as $27.80. RCI Hospitality shares last traded at $27.34, with a volume of 56,652 shares.

Analyst Upgrades and Downgrades

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

RCI Hospitality Stock Performance

The business has a 50 day moving average price of $24.85 and a 200 day moving average price of $24.23. The stock has a market capitalization of $208.88 million, a PE ratio of -35.05 and a beta of 0.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.55 and a quick ratio of 0.49.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Thursday, March 19th. The restaurant operator reported ($0.63) EPS for the quarter, missing the consensus estimate of $1.81 by ($2.44). RCI Hospitality had a negative net margin of 2.31% and a negative return on equity of 2.61%. The firm had revenue of $70.93 million for the quarter, compared to analysts’ expectations of $69.80 million.

RCI Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, June 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. RCI Hospitality’s payout ratio is -41.03%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in RCI Hospitality by 2.9% in 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. purchased a new stake in RCI Hospitality in the 4th quarter worth $7,459,000. State Street Corp lifted its stake in 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in RCI Hospitality by 4.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 178,588 shares of the restaurant operator’s stock worth $5,449,000 after purchasing an additional 7,140 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in RCI Hospitality by 30.1% in the 4th quarter. AQR Capital Management LLC now owns 99,461 shares of the restaurant operator’s stock worth $2,371,000 after purchasing an additional 23,015 shares in the last quarter. Hedge funds and other 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.