RCI Hospitality (NASDAQ:RICK) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.62 and traded as high as $27.00. RCI Hospitality shares last traded at $26.91, with a volume of 22,727 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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 MarketBeat, RCI Hospitality presently has a consensus rating of “Sell”.

RCI Hospitality Stock Up 2.0%

The stock’s 50-day moving average price is $25.92 and its 200-day moving average price is $24.62. The company has a current ratio of 0.55, a quick ratio of 0.49 and a debt-to-equity ratio of 0.93. The stock has a market cap of $205.59 million, a price-to-earnings ratio of -34.50 and a beta of 0.75.

RCI Hospitality Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, June 15th. RCI Hospitality’s dividend payout ratio (DPR) is presently -41.03%.

Hedge Funds Weigh In On RCI Hospitality

Several institutional investors have recently added to or reduced their stakes in RICK. Brighton Jones LLC bought a new stake in shares of RCI Hospitality in the 4th quarter valued at $211,000. AQR Capital Management LLC grew its stake in shares of RCI Hospitality by 12.8% in the 1st quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator’s stock valued at $1,114,000 after buying an additional 2,934 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 valued at $214,000 after buying an additional 234 shares in the last quarter. Invesco Ltd. raised its stake in RCI Hospitality by 4.5% during the 2nd quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator’s stock worth $477,000 after buying an additional 536 shares during the period. Finally, Marshall Wace LLP raised its stake in RCI Hospitality by 324.7% during the 2nd quarter. Marshall Wace LLP now owns 23,087 shares of the restaurant operator’s stock worth $880,000 after buying an additional 17,651 shares during the period. 53.82% of the stock is 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.