RICK Stock Recent News

RCI Hospitality Holdings has a share price that is currently undervalued at $55.83 versus a price target of $64.80 a share when considering its normal business operations. The company's two new casinos in Central City, CO, are expected to significantly add to RICK's revenue. With the addition of two new casinos, RCI Hospitality Holdings could have its share price target set somewhere between $72.83 and $88.03 a share.

RCI Hospitality Holdings, Inc. (NASDAQ:RICK ) Q2 2024 Sales Conference April 9, 2024 4:30 PM ET Company Participants Mark Moran - CEO, Equity Animal Eric Langan - President and CEO Conference Call Participants Scott Buck - H.C. Wainwright Anthony Lebiedzinski - Sidoti & Company Robert McGuire - Granite Research Adam Wyden - ADW Capital Management Mark Moran Greetings and welcome to RCI Hospitality Holdings Second Quarter 2Q ‘24 Sales Call.

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RCI Hospitality Holdings, Inc. (RICK) Q1 2024 Earnings Call Transcript

RCI Hospitality (RICK) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.19 per share a year ago.

HOUSTON , Feb. 6, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) plans to file its 10-Q and report financial results for the fiscal 2024 first quarter ended December 31, 2023 after the market closes on Thursday, February 8. The company will hold a related conference call on X Spaces at 4:30 PM ET.

RCI Hospitality's (RICK) fiscal first-quarter top line benefits from acquisitions and new locations. Also, strength in Nightclubs performance added to the positives.

RCI Hospitality (RICK) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.45 per share a year ago.

RCI almost halved in value year to date, but I remain a buyer. I discuss what I believe to be the main issues: Debt and operational weakness. RCI is trading at an attractive valuation, given their wide moat business and ability to do accretive acquisitions.

RCI Hospitality Holdings Inc.'s stock RICK, -5.14% fell another 5% on Thursday to bring its week-to-date losses to 9%, after the operator of adult nightclubs, or strip clubs, offered an update on its business that lagged analyst estimates. The Houston-based company, which also operates Bombshells restaurants, said this week that sales came to $74.1 million in its fiscal fourth quarter, up 5.6% from the year-earlier period, but below the $76.6 million FactSet consensus.