RCI Hospitality (NASDAQ:RICK) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

RCI Hospitality Holdings Inc (NASDAQ:RICK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $48.15 and traded as high as $57.99. RCI Hospitality shares last traded at $57.13, with a volume of 99,001 shares changing hands.

Analyst Upgrades and Downgrades

RICK has been the subject of several analyst reports. StockNews.com downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. HC Wainwright reissued a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a report on Friday, January 10th.

RCI Hospitality Stock Up 5.0 %

The company has a market capitalization of $508.46 million, a price-to-earnings ratio of 178.54 and a beta of 1.57. The business’s 50-day moving average is $54.04 and its 200-day moving average is $48.21. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.83.

RCI Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a yield of 0.49%. RCI Hospitality’s dividend payout ratio (DPR) is presently 87.50%.

Institutional Investors Weigh In On RCI Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of RICK. Barclays PLC grew its position in shares of RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after acquiring an additional 10,433 shares during the last quarter. American Century Companies Inc. grew its position in RCI Hospitality by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock worth $2,101,000 after purchasing an additional 6,174 shares during the last quarter. Scientech Research LLC purchased a new position in RCI Hospitality during the 2nd quarter worth $235,000. Cubist Systematic Strategies LLC acquired a new position in RCI Hospitality in the second quarter valued at $175,000. Finally, Brighton Jones LLC purchased a new stake in shares of RCI Hospitality in the fourth quarter valued at about $211,000. 53.82% of the stock is owned by hedge funds and other institutional investors.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.