American Century Companies Inc. Purchases 55,026 Shares of RCI Hospitality Holdings, Inc. $RICK

Key Points

• American Century Companies Inc. increased its stake in RCI Hospitality Holdings by 52.4%, now owning approximately 1.80% of the company, worth nearly $6.87 million.
• RCI Hospitality reported earnings per share (EPS) of $0.46 for the last quarter, missing estimates significantly by $0.78, despite revenues of $71.15 million surpassing projections.
• The company recently announced a quarterly dividend of $0.07 per share, representing an annualized dividend of $0.28 and a yield of 0.8%.

American Century Companies Inc. grew its stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Free Report) by 52.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,956 shares of the restaurant operator's stock after purchasing an additional 55,026 shares during the period. American Century Companies Inc. owned about 1.80% of RCI Hospitality worth $6,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in RCI Hospitality by 9.7% in the 4th 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. Tower Research Capital LLC TRC boosted its position in shares of RCI Hospitality by 356.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator's stock valued at $49,000 after acquiring an additional 660 shares in the last quarter. Deutsche Bank AG boosted its position in shares of RCI Hospitality by 22.6% during the 1st quarter. Deutsche Bank AG now owns 3,816 shares of the restaurant operator's stock valued at $164,000 after acquiring an additional 703 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of RCI Hospitality during the 4th quarter valued at about $53,000. Finally, GAMMA Investing LLC boosted its position in shares of RCI Hospitality by 13,400.0% during the 1st quarter. GAMMA Investing LLC now owns 945 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 938 shares in the last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.

RCI Hospitality Price Performance

Shares of RCI Hospitality stock traded down $0.89 during trading on Tuesday, hitting $36.32. 79,237 shares of the company's stock traded hands, compared to its average volume of 80,815. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.92 and a quick ratio of 0.83. The firm's fifty day moving average price is $37.75 and its 200 day moving average price is $41.03. RCI Hospitality Holdings, Inc. has a twelve month low of $34.45 and a twelve month high of $61.66. The company has a market cap of $316.71 million, a PE ratio of 19.53 and a beta of 1.17.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its earnings results on Monday, August 11th. The restaurant operator reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.78). RCI Hospitality had a net margin of 5.88% and a return on equity of 6.19%. The business had revenue of $71.15 million for the quarter, compared to analyst estimates of $70.50 million. Analysts forecast that RCI Hospitality Holdings, Inc. will post 4.55 earnings per share for the current year.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, June 16th. RCI Hospitality's payout ratio is 15.05%.

About RCI Hospitality

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.