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

Shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.23 and traded as high as $27.80. RCI Hospitality shares last traded at $27.34, with a volume of 56,652 shares traded.

Wall Street Analyst Weigh In

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

RCI Hospitality Stock Up 1.6%

The firm has a market cap of $208.88 million, a price-to-earnings ratio of -35.05 and a beta of 0.76. The business’s 50 day moving average price is $24.85 and its 200 day moving average price is $24.23. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.49 and a current ratio of 0.55.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, March 19th. The restaurant operator reported ($0.63) EPS 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 negative return on equity of 2.61% and a negative net margin of 2.31%.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. RCI Hospitality’s dividend payout ratio (DPR) is presently -41.03%.

Institutional Investors Weigh In On RCI Hospitality

Institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new stake in shares of RCI Hospitality during the 3rd quarter valued at about $686,000. Brighton Jones LLC acquired a new stake in shares of RCI Hospitality during the 4th quarter valued at about $211,000. Wells Fargo & Company MN grew its stake in RCI Hospitality by 58.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,353 shares of the restaurant operator’s stock valued at $223,000 after acquiring an additional 3,440 shares during the period. Kerrisdale Advisers LLC acquired a new stake in RCI Hospitality in the 4th quarter valued at $221,000. Finally, Brevan Howard Capital Management LP acquired a new stake in RCI Hospitality in the 3rd quarter valued at $214,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

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.