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

Shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.41 and traded as high as $27.53. RCI Hospitality shares last traded at $27.32, with a volume of 47,311 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, According to data from MarketBeat, the stock has an average rating of “Sell”.

RCI Hospitality Stock Performance

The firm has a market capitalization of $208.72 million, a PE ratio of -35.03 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. The firm has a fifty day moving average price of $25.67 and a 200 day moving average price of $24.41.

RCI Hospitality Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 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 Monday, June 15th. RCI Hospitality’s payout ratio is presently -41.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in RCI Hospitality in the 4th quarter worth approximately $211,000. Bank of New York Mellon Corp raised its stake in RCI Hospitality by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 81,247 shares of the restaurant operator’s stock valued at $1,853,000 after purchasing an additional 1,488 shares during the period. State of Wyoming acquired a new stake in RCI Hospitality during the 4th quarter valued at $67,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in RCI Hospitality during the 3rd quarter valued at $115,000. Finally, Man Group plc purchased a new stake in shares of RCI Hospitality in the third quarter valued at $205,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

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.