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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.32 and traded as high as $25.35. RCI Hospitality shares last traded at $25.02, with a volume of 41,686 shares changing hands.

RCI Hospitality Price Performance

The firm has a market cap of $192.90 million, a price-to-earnings ratio of 20.85 and a beta of 0.77. The business’s 50-day simple moving average is $23.52 and its two-hundred day simple moving average is $24.32. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.82.

RCI Hospitality (NASDAQ:RICK) last released its earnings results on Thursday, March 19th. The restaurant operator reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($2.44). The firm had revenue of $70.93 million for the quarter, compared to analyst estimates of $69.80 million. RCI Hospitality had a net margin of 3.87% and a return on equity of 4.05%.

RCI Hospitality Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.07. RCI Hospitality’s payout ratio is currently 26.67%.

Institutional Trading of RCI Hospitality

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in shares of RCI Hospitality by 62.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock worth $32,000 after buying an additional 324 shares during the period. CWM LLC grew its position in shares of RCI Hospitality by 1,256.9% during the 3rd quarter. CWM LLC now owns 1,954 shares of the restaurant operator’s stock worth $60,000 after buying an additional 1,810 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of RCI Hospitality during the 4th quarter worth approximately $54,000. State of Wyoming acquired a new stake in shares of RCI Hospitality during the 4th quarter worth approximately $67,000. Finally, Brighton Jones LLC acquired a new stake in shares of RCI Hospitality during the 4th quarter worth approximately $211,000. Institutional investors and hedge funds 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.