RCI Hospitality (NASDAQ:RICK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

RCI Hospitality Holdings Inc (NASDAQ:RICK)’s share price passed 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

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

RCI Hospitality Price Performance

The company has a market cap of $508.46 million, a P/E ratio of 178.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.98 and a quick ratio of 0.89. The company has a fifty day simple moving average of $54.04 and a 200-day simple moving average of $48.21.

RCI Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid 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 is currently 87.50%.

Institutional Trading of RCI Hospitality

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC lifted 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 purchasing an additional 10,433 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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. Quest Partners LLC acquired a new stake in RCI Hospitality during the 3rd quarter worth $29,000. Cubist Systematic Strategies LLC acquired a new stake in RCI Hospitality in the 2nd quarter valued at $175,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of RCI Hospitality by 146.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 2,948 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

About RCI Hospitality

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.