American Century Companies Inc. Raises Holdings in RCI Hospitality Holdings Inc (NASDAQ:RICK)

American Century Companies Inc. increased its stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 14.7% in the second quarter, HoldingsChannel reports. The firm owned 48,237 shares of the restaurant operator’s stock after buying an additional 6,174 shares during the period. American Century Companies Inc.’s holdings in RCI Hospitality were worth $2,101,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in RCI Hospitality in the second quarter valued at about $76,000. SG Americas Securities LLC acquired a new stake in RCI Hospitality during the second quarter worth about $177,000. EntryPoint Capital LLC grew its holdings in RCI Hospitality by 246.3% during the first quarter. EntryPoint Capital LLC now owns 3,958 shares of the restaurant operator’s stock worth $230,000 after acquiring an additional 2,815 shares during the period. Price T Rowe Associates Inc. MD boosted its position in RCI Hospitality by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,204 shares of the restaurant operator’s stock worth $360,000 after purchasing an additional 371 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its position in RCI Hospitality by 6.5% during the first quarter. Annex Advisory Services LLC now owns 6,947 shares of the restaurant operator’s stock worth $403,000 after purchasing an additional 427 shares in the last quarter. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

RCI Hospitality Stock Performance

NASDAQ RICK opened at $44.66 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $45.26 and its two-hundred day moving average is $47.38. RCI Hospitality Holdings Inc has a 12-month low of $37.61 and a 12-month high of $69.40. The stock has a market capitalization of $416.45 million, a price-to-earnings ratio of 21.89, a PEG ratio of 5.40 and a beta of 1.56.

RCI Hospitality (NASDAQ:RICK) last posted its earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. The company had revenue of $76.18 million during the quarter, compared to analysts’ expectations of $72.79 million. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts expect that RCI Hospitality Holdings Inc will post 0.69 EPS for the current year.

RCI Hospitality Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.07 dividend. This is an increase from RCI Hospitality’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Monday, September 16th. RCI Hospitality’s dividend payout ratio is currently 13.73%.

Analyst Ratings Changes

Several research firms have recently weighed in on RICK. StockNews.com downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. HC Wainwright reissued a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a research note on Tuesday, September 17th.

RCI Hospitality 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.