RCI Hospitality (NASDAQ:RICK) Stock Passes Above 200 Day Moving Average – What’s Next?

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.37 and traded as high as $28.45. RCI Hospitality shares last traded at $27.07, with a volume of 38,260 shares.

Analyst Upgrades and Downgrades

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

RCI Hospitality Stock Down 4.2%

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 company’s fifty day moving average is $25.37 and its 200-day moving average is $24.37. The company has a market cap of $206.81 million, a PE ratio of -34.71 and a beta of 0.76.

RCI Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 15th. RCI Hospitality’s dividend payout ratio is presently -41.03%.

Institutional Trading of RCI Hospitality

Several large investors have recently modified their holdings of RICK. BNP Paribas Financial Markets increased its position in RCI Hospitality by 62.0% during the second 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 during the last quarter. State of Alaska Department of Revenue bought a new position in RCI Hospitality in the fourth quarter valued at about $54,000. State of Wyoming purchased a new position in RCI Hospitality in the fourth quarter worth about $67,000. Copeland Capital Management LLC boosted its position in RCI Hospitality by 122.0% in the first quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 1,816 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of RCI Hospitality during the 4th quarter valued at about $211,000. 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.