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

RCI Hospitality Holdings Inc (NASDAQ:RICK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.32 and traded as high as $52.35. RCI Hospitality shares last traded at $51.57, with a volume of 55,448 shares changing hands.

Wall Street Analyst Weigh In

RICK has been the topic of several analyst reports. StockNews.com upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. HC Wainwright reiterated a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a research note on Wednesday, February 12th.

RCI Hospitality Stock Down 1.0 %

The company has a market capitalization of $457.43 million, a price-to-earnings ratio of 92.09 and a beta of 1.55. The firm’s 50 day moving average price is $54.93 and its two-hundred day moving average price is $49.32. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.81.

RCI Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.07 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.28 annualized dividend and a yield of 0.54%. RCI Hospitality’s dividend payout ratio is 50.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its stake in RCI Hospitality by 1,839.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 155,525 shares of the restaurant operator’s stock valued at $8,938,000 after acquiring an additional 147,508 shares during the period. American Century Companies Inc. raised its position in shares of RCI Hospitality by 63.7% in the fourth quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator’s stock valued at $6,030,000 after purchasing an additional 40,822 shares during the period. Caption Management LLC acquired a new stake in shares of RCI Hospitality during the 4th quarter worth about $1,685,000. Marshall Wace LLP bought a new stake in shares of RCI Hospitality during the 4th quarter worth about $1,498,000. Finally, Bank of New York Mellon Corp grew its stake in RCI Hospitality by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator’s stock valued at $3,773,000 after buying an additional 14,919 shares during 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.