RICK News and Press, RCI Hospitality Holdings Inc. From 10/24/22

Summary RCI Hospitality Holdings, Inc.'s 4Q22 sales of $70 million came in as expected, which is in line with my forecast. The recent increase in RCI Hospitality's share price is positive, as the share price is an important currency to accelerate large acquisitions. CEO Eric L...

RCI Hospitality Holdings ( NASDAQ: RICK ) reported Tuesday a 28.8% jump in nightclubs and bombshells restaurants sales to reach $70M in the three months to September. The segment break-up showed nightclubs sales rose 40.4% as new club acquisitions contributed sale...

RCI Reports 4Q22 Club & Restaurant Sales, Share Buybacks & Year-End Cash Position RCI Reports 4Q22 Club & Restaurant Sales, Share Buybacks & Year-End Cash Position PR Newswire HOUSTON , Oct. 11, 2022 /PRNewswire/ -- RCI Hospitality Hol...

Summary RICK is the preferred acquirer of nightclubs and there is a long runway, given the sheer number of clubs in the U.S. Bombshells have an operating margin that is on par with established peers in the restaurant industry. Management has the perfect playbook to execute and...

Summary I'm focused on high-quality companies with growing free cash flows per share. I group my portfolio into 4 buckets: Great capital allocations, Tech Leaders, (unprofitable) High-growth and short-term trades. I want to own companies with great management so that I can sle...

RCI to Participate in Granite Research Virtual Conference October 12-13, 2022 PR Newswire HOUSTON , Sept. 28, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced CEO Eric Langan and CFO Bradley Chhay will participate in th...

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I continue to be very impressed with the management's execution as they produced strong results for both nightclubs and Bombshells. RICK continues to display strong free cash flow growth (+39% Y/Y). RCI Hospitality has an attractive valuation of $178.31 based on my estimates. ...

My largest position is RCI Hospitality. I invest so much in RICK because it is able to grow rapidly by acquiring strip clubs at low valuation multiple. Priced at 7.5x FCF and growing at 20%+ per year, we think that investors could quadruple their money in 5 years. Typica...