RCI Hospitality (NASDAQ:RICK) Shares Cross Above 200-Day Moving Average - Time to Sell?

RCI Hospitality Holdings Inc (NASDAQ:RICK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $45.24 and traded as high as $52.47. RCI Hospitality shares last traded at $50.20, with a volume of 113,196 shares changing hands.

Wall Street Analysts Forecast Growth

RICK has been the subject of a number of research reports. HC Wainwright reissued a "buy" rating and issued a $98.00 price target on shares of RCI Hospitality in a report on Wednesday, November 6th. StockNews.com raised shares of RCI Hospitality from a "hold" rating to a "buy" rating in a report on Monday, October 7th.

RCI Hospitality Stock Performance

The firm's 50-day moving average price is $44.48 and its 200 day moving average price is $45.28. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market cap of $451.35 million, a price-to-earnings ratio of 96.44 and a beta of 1.56.

RCI Hospitality Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.07 per share. This is a positive change from RCI Hospitality's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.28 annualized dividend and a yield of 0.56%. RCI Hospitality's dividend payout ratio (DPR) is presently 53.85%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new stake in shares of RCI Hospitality in the third quarter worth $29,000. Copeland Capital Management LLC bought a new stake in shares of RCI Hospitality in the third quarter valued at about $54,000. Victory Capital Management Inc. bought a new stake in RCI Hospitality during the second quarter worth about $76,000. FMR LLC lifted its position in RCI Hospitality by 132.6% during the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator's stock worth $80,000 after purchasing an additional 1,026 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of RCI Hospitality in the second quarter worth about $88,000. Institutional investors own 53.82% of the company's stock.

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.