RCI Hospitality (NASDAQ:RICK) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

RCI Hospitality Holdings Inc (NASDAQ:RICK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.24 and traded as high as $52.47. RCI Hospitality shares last traded at $50.20, with a volume of 113,196 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday, October 7th. HC Wainwright restated a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, November 6th.

RCI Hospitality Stock Down 1.4 %

The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. The company has a market cap of $444.99 million, a price-to-earnings ratio of 96.44 and a beta of 1.56. The business has a fifty day moving average price of $44.48 and a two-hundred day moving average price of $45.28.

RCI Hospitality Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.28 dividend on an annualized basis and a yield of 0.57%. This is an increase from RCI Hospitality’s previous quarterly dividend of $0.06. RCI Hospitality’s dividend payout ratio is currently 53.85%.

Hedge Funds Weigh In On RCI Hospitality

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in RCI Hospitality by 9.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,719 shares of the restaurant operator’s stock worth $448,000 after buying an additional 690 shares during the period. Russell Investments Group Ltd. raised its holdings in RCI Hospitality by 24.4% in the 1st quarter. Russell Investments Group Ltd. now owns 27,733 shares of the restaurant operator’s stock valued at $1,609,000 after acquiring an additional 5,432 shares in the last quarter. Vanguard Group Inc. increased its position in shares of RCI Hospitality by 1.9% during the first quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock valued at $29,118,000 after purchasing an additional 9,218 shares during the period. EntryPoint Capital LLC raised its stake in shares of RCI Hospitality by 246.3% in the first quarter. EntryPoint Capital LLC now owns 3,958 shares of the restaurant operator’s stock valued at $230,000 after purchasing an additional 2,815 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of RCI Hospitality by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,204 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 371 shares in the last quarter. 53.82% of the stock is currently owned by 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.