RCI Hospitality Holdings Inc (NASDAQ:RICK - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $49.32 and traded as high as $52.35. RCI Hospitality shares last traded at $51.57, with a volume of 55,448 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. HC Wainwright restated a "buy" rating and set a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, February 12th. StockNews.com upgraded RCI Hospitality from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th.
Check Out Our Latest Report on RCI Hospitality
RCI Hospitality Stock Performance
The stock has a market cap of $441.31 million, a PE ratio of 88.88 and a beta of 1.55. The stock has a fifty day simple moving average of $54.51 and a two-hundred day simple moving average of $49.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02.
RCI Hospitality Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Monday, December 16th. RCI Hospitality's dividend payout ratio is currently 50.00%.
Institutional Trading of RCI Hospitality
A number of hedge funds have recently made changes to their positions in RICK. Charles Schwab Investment Management Inc. boosted its stake in RCI Hospitality by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator's stock valued at $3,912,000 after acquiring an additional 363 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of RCI Hospitality by 254.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator's stock valued at $31,000 after purchasing an additional 498 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of RCI Hospitality by 9.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,110 shares of the restaurant operator's stock worth $409,000 after purchasing an additional 629 shares during the last quarter. Quest Partners LLC bought a new position in shares of RCI Hospitality during the third quarter worth about $29,000. Finally, Tower Research Capital LLC TRC grew its stake in RCI Hospitality by 356.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator's stock worth $49,000 after purchasing an additional 660 shares in the last quarter. Institutional investors and hedge funds own 53.82% of the company's stock.
RCI Hospitality Company Profile
(
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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