RCI Hospitality (NASDAQ:RICK) Share Price Passes Above 200 Day Moving Average – Time to Sell?
by Scott Moore · The Cerbat GemRCI Hospitality Holdings, Inc. (NASDAQ:RICK – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.41 and traded as high as $26.06. RCI Hospitality shares last traded at $25.80, with a volume of 62,144 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, RCI Hospitality currently has an average rating of “Sell”.
Get Our Latest Research Report on RCI Hospitality
RCI Hospitality Price Performance
The business has a 50-day simple moving average of $23.33 and a 200 day simple moving average of $24.40. The firm has a market cap of $200.38 million, a P/E ratio of 21.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.73 and a current ratio of 0.81.
RCI Hospitality (NASDAQ:RICK – Get Free Report) last released its quarterly earnings results 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 business had revenue of $70.93 million for the quarter, compared to the consensus estimate 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 firm also recently declared 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. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from RCI Hospitality’s previous quarterly dividend of $0.07. RCI Hospitality’s dividend payout ratio is currently 26.67%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in RICK. BNP Paribas Financial Markets grew its holdings 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 acquiring an additional 324 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of RCI Hospitality during the 4th quarter worth approximately $54,000. CWM LLC grew its holdings 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 acquiring an additional 1,810 shares during the period. State of Wyoming purchased a new position in shares of RCI Hospitality during the 4th quarter worth approximately $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of RCI Hospitality during the 3rd quarter worth approximately $115,000. Hedge funds and other 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.