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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

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

RCI Hospitality Trading Down 1.8%

The company has a market cap of $188.40 million, a price-to-earnings ratio of -31.62 and a beta of 0.76. The firm has a 50-day moving average price of $24.57 and a 200 day moving average price of $24.13. The company has a current ratio of 0.55, a quick ratio of 0.49 and a debt-to-equity ratio of 0.93.

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

RCI Hospitality Announces Dividend

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

Institutional Trading of RCI Hospitality

Several hedge funds have recently made changes to their positions in RICK. BNP Paribas Financial Markets lifted 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 last quarter. State of Alaska Department of Revenue bought a new stake in shares of RCI Hospitality in the 4th quarter worth approximately $54,000. State of Wyoming bought a new stake in shares of RCI Hospitality in the 4th quarter worth approximately $67,000. Copeland Capital Management LLC lifted its holdings in shares of RCI Hospitality by 122.0% in the 1st 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of RCI Hospitality in the 3rd quarter worth approximately $115,000. 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.