RICK - InvestorNewsBreaks - RCI Hospitality Holdings Inc. (NASDAQ: RICK) Featured in Earnings Preview from Sidoti
Look For Color On The Announced Acquisition Of 11 Clubs
RCI Hospitality Holdings (NASDAQ: RICK) was featured in a company-sponsored research earnings preview note published by Sidoti & Company, LLC. The report reads, “On the call, we will look for color around the recently announced agreement to acquire 11 clubs. In late July, RICK announced a definitive agreement to purchase 11 clubs (RICK currently operates 38) for a total of $88 million; $57.0 million plus $18.0 million for six real estate properties tied to locations, and $13.0 million for the intellectual property. The timing of the acquisition closing will likely vary as each state, in which the clubs are located, has its own regulations.”
To access the full report, visit https://ibn.fm/g5nBO
RICK will be presenting at the Sidoti August Virtual Microcap Conference on Thursday, August 19 at 12:15pm EDT. As the official media partner, InvestorBrandNetwork will provide additional visibility of the upcoming presentation with its syndication platform. To register for the conference, visit https://ibn.fm/SidotiAugust2021Registration.
About RCI Hospitality Holdings, Inc.
With more than 40 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in gentlemen's clubs and sports bars/restaurants. Clubs in New York City, Chicago, Dallas/Ft. Worth, Houston, Miami, Minneapolis, St. Louis, Charlotte, Pittsburgh, and other markets operate under brand names such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie's Cabaret, and Scarlett's Cabaret. Sports bars/restaurants operate under the brand name Bombshells Restaurant & Bar. Please visit www.rcihospitality.com.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$3 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoticonference.com) and the hundreds of non-deal roadshows hosted each year.
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