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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.72 and traded as high as $26.60. RCI Hospitality shares last traded at $26.07, with a volume of 39,604 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

RCI Hospitality Price Performance

The stock’s fifty day moving average price is $26.14 and its 200-day moving average price is $24.72. The firm has a market cap of $199.17 million, a PE ratio of -33.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.55 and a quick ratio of 0.49.

RCI Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.08 per share. 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 currently -41.03%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Steel Partners Holdings L.P. purchased a new position in RCI Hospitality in the 4th quarter worth approximately $7,459,000. Two Sigma Investments LP increased its holdings in shares of RCI Hospitality by 1,375.2% in the third quarter. Two Sigma Investments LP now owns 79,320 shares of the restaurant operator’s stock valued at $2,420,000 after purchasing an additional 73,943 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of RCI Hospitality by 320.1% in the first quarter. Quantinno Capital Management LP now owns 45,311 shares of the restaurant operator’s stock valued at $1,034,000 after purchasing an additional 34,525 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of RCI Hospitality in the third quarter valued at approximately $1,043,000. Finally, AQR Capital Management LLC lifted its position in RCI Hospitality by 30.1% during the fourth quarter. AQR Capital Management LLC now owns 99,461 shares of the restaurant operator’s stock worth $2,371,000 after buying an additional 23,015 shares in the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

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.