American Century Companies Inc. Has $6.03 Million Stake in RCI Hospitality Holdings Inc (NASDAQ:RICK)

American Century Companies Inc. boosted its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 63.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,930 shares of the restaurant operator's stock after purchasing an additional 40,822 shares during the period. American Century Companies Inc. owned 1.18% of RCI Hospitality worth $6,030,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of RCI Hospitality by 29.4% during the 4th quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator's stock valued at $3,773,000 after acquiring an additional 14,919 shares in the last quarter. Barclays PLC boosted its position in RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator's stock valued at $605,000 after purchasing an additional 10,433 shares during the last quarter. Victory Capital Management Inc. increased its position in RCI Hospitality by 233.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,784 shares of the restaurant operator's stock worth $332,000 after purchasing an additional 4,049 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of RCI Hospitality during the 4th quarter worth about $211,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of RCI Hospitality by 146.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator's stock valued at $221,000 after buying an additional 2,948 shares during the last quarter. Hedge funds and other institutional investors own 53.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RICK shares. StockNews.com raised shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. HC Wainwright reiterated a "buy" rating and issued a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday.

RCI Hospitality Stock Performance

Shares of RICK stock traded up $2.81 during trading on Wednesday, reaching $39.06. The company had a trading volume of 136,921 shares, compared to its average volume of 86,739. The firm's 50 day simple moving average is $47.33 and its two-hundred day simple moving average is $49.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92. RCI Hospitality Holdings Inc has a one year low of $35.00 and a one year high of $61.66. The company has a market capitalization of $346.35 million, a PE ratio of 69.75 and a beta of 1.45.

RCI Hospitality Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.72%. RCI Hospitality's dividend payout ratio (DPR) is presently 50.00%.

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.