RCI Hospitality Holdings, Inc. (NASDAQ:RICK – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.62 and traded as high as $27.00. RCI Hospitality shares last traded at $26.91, with a volume of 22,727 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated 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, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Read Our Latest Analysis on RCI Hospitality
RCI Hospitality Trading Down 2.7%
RCI Hospitality Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.08 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. RCI Hospitality’s dividend payout ratio is currently -41.03%.
Hedge Funds Weigh In On RCI Hospitality
A number of institutional investors have recently bought and sold shares of RICK. Brighton Jones LLC acquired a new position in RCI Hospitality during the fourth quarter valued at $211,000. Bank of New York Mellon Corp grew its position in RCI Hospitality by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 81,247 shares of the restaurant operator’s stock worth $1,853,000 after purchasing an additional 1,488 shares during the period. State of Wyoming acquired a new stake in RCI Hospitality during the 4th quarter worth about $67,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of RCI Hospitality during the 3rd quarter valued at about $115,000. Finally, Man Group plc purchased a new position in shares of RCI Hospitality during the 3rd quarter valued at about $205,000. 53.82% of the stock is owned by hedge funds and other institutional investors.
RCI Hospitality Company Profile
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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