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

RCI Hospitality Holdings Inc (NASDAQ:RICK) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RICK shares. HC Wainwright reaffirmed a “buy” rating and issued a $98.00 price objective on shares of RCI Hospitality in a research note on Friday, January 10th. StockNews.com downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th.

RCI Hospitality Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83. 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 stock’s fifty day simple moving average is $54.04 and its 200-day simple moving average is $48.15.

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 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%.

Hedge Funds Weigh In On RCI Hospitality

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in RCI Hospitality by 1.0% in the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock valued at $8,772,000 after buying an additional 2,023 shares in the last quarter. American Century Companies Inc. raised its position in shares of 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 acquiring an additional 6,174 shares in the last quarter. Barclays PLC lifted its stake in 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 purchasing an additional 10,433 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in RCI Hospitality by 20.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,507 shares of the restaurant operator’s stock valued at $602,000 after purchasing an additional 2,252 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in RCI Hospitality by 58.7% in the third quarter. SG Americas Securities LLC now owns 6,437 shares of the restaurant operator’s stock valued at $287,000 after purchasing an additional 2,382 shares during the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

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.