RCI Hospitality Holdings Inc (NASDAQ:RICK - Get Free Report) crossed 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.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. StockNews.com cut RCI Hospitality from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. HC Wainwright reaffirmed a "buy" rating and issued a $98.00 target price on shares of RCI Hospitality in a report on Friday, January 10th.
Get Our Latest Research Report on RICK
RCI Hospitality Price Performance
The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 0.98. The business has a 50 day moving average price of $54.04 and a 200-day moving average price of $48.21. The company has a market capitalization of $508.46 million, a price-to-earnings ratio of 178.54 and a beta of 1.57.
RCI Hospitality Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. RCI Hospitality's payout ratio is presently 87.50%.
Hedge Funds Weigh In On RCI Hospitality
Several institutional investors have recently made changes to their positions in RICK. Quest Partners LLC bought a new stake in RCI Hospitality during the 3rd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of RCI Hospitality by 254.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator's stock valued at $31,000 after buying an additional 498 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of RCI Hospitality during the fourth quarter worth about $53,000. Copeland Capital Management LLC acquired a new stake in shares of RCI Hospitality in the 3rd quarter worth about $54,000. Finally, FMR LLC lifted its position in RCI Hospitality by 132.6% in the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator's stock valued at $80,000 after acquiring an additional 1,026 shares in the last quarter. Institutional investors and hedge funds own 53.82% of the company's stock.
About RCI Hospitality
(
Get Free Report)
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.
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