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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analysts Set New Price Targets

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

RCI Hospitality Price Performance

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 company has a market capitalization of $209.64 million, a PE ratio of -35.18 and a beta of 0.75. The stock’s 50-day moving average is $25.69 and its two-hundred day moving average is $24.41.

RCI Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 15th. RCI Hospitality’s dividend payout ratio is -41.03%.

Institutional Trading of RCI Hospitality

A number of large investors have recently made changes to their positions in RICK. Vanguard Group Inc. increased its stake 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 buying an additional 14,603 shares during the period. Steel Partners Holdings L.P. purchased a new stake in RCI Hospitality in the 4th quarter valued at about $7,459,000. State Street Corp grew 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 acquiring an additional 698 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of RCI Hospitality by 4.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 178,588 shares of the restaurant operator’s stock worth $5,449,000 after acquiring an additional 7,140 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of RCI Hospitality by 30.1% during the fourth quarter. AQR Capital Management LLC now owns 99,461 shares of the restaurant operator’s stock valued at $2,371,000 after acquiring an additional 23,015 shares in the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

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.