RCI Hospitality Holdings, Inc. (NASDAQ:RICK – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.23 and traded as high as $27.80. RCI Hospitality shares last traded at $27.34, with a volume of 56,652 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Read Our Latest Stock Report on RICK
RCI Hospitality Stock Performance
RCI Hospitality (NASDAQ:RICK – Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The restaurant operator reported ($0.63) EPS for the quarter, missing the consensus estimate of $1.81 by ($2.44). RCI Hospitality had a negative return on equity of 2.61% and a negative net margin of 2.31%.The business had revenue of $70.93 million during the quarter, compared to the consensus estimate of $69.80 million.
RCI Hospitality Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, June 15th. RCI Hospitality’s payout ratio is presently -41.03%.
Institutional Trading of RCI Hospitality
A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in RCI Hospitality by 62.0% in the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock worth $32,000 after buying an additional 324 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of RCI Hospitality during the 4th quarter valued at $54,000. State of Wyoming bought a new stake in shares of RCI Hospitality during the 4th quarter worth $67,000. Copeland Capital Management LLC boosted its stake in shares of RCI Hospitality by 122.0% during the 1st quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 1,816 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of RCI Hospitality in the 3rd quarter worth $115,000. 53.82% of the stock is currently owned by institutional investors.
About RCI Hospitality
RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.
In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.
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