Rci Hospitality Stock Price, News & Analysis

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced a quarterly cash dividend of $0.04 per common share for the first quarter of Fiscal 2022, ending December 31, 2021. This dividend is payable on December 29, 2021, to shareholders on record as of December 15, 2021, with the ex-dividend date being December 14, 2021. This announcement marks the company's 24th consecutive quarterly cash dividend, showcasing its commitment to returning value to shareholders.

RCI Hospitality Holdings, Inc. (RICK) announced that Tootsie’s Cabaret Miami will host a preview party featuring contemporary pop artist Todd Gray on December 2, 2021. The event aligns with the Miami Art Fair week, taking place from November 30 to December 5. Guests will witness live body painting by Gray and view original artworks, including a repainting of the club's iconic dolphin sculpture. This initiative aims to enhance Tootsie’s involvement in the local art community, showcasing its long-standing cultural presence in Miami.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has officially closed the acquisition of The Mansion Gentlemen's Club and Steakhouse located in Newburgh, NY, along with its real estate. This acquisition enhances RCI's portfolio, expanding its presence in New York State. The club, renovated in 2018 and operational for nine years, is uniquely positioned as the only gentlemen's club with a liquor license in Orange County, a rapidly growing area. Financial terms of the deal remain undisclosed but consistent with previous announcements.

On November 11, 2021, all 10 Bombshells Restaurant & Bar locations in Texas will offer free meals to veterans, with active service members and their families receiving a 20% discount. The initiative aims to honor those who have served, as stated by the Director of Restaurant Operations, David Simmons. To qualify, veterans must present valid military ID. Additionally, Bombshells will launch a social media campaign to highlight this appreciation effort. The restaurant chain is owned by RCI Hospitality Holdings (Nasdaq: RICK) and features a military-themed atmosphere across its locations.

On October 19, 2021, RCI Hospitality Holdings (Nasdaq: RICK) finalized the acquisition of 11 adult nightclubs across six states, along with their intellectual property and six associated properties. This acquisition increases RCI's unit count by 23%, totaling 58 locations. The new clubs generated approximately $40 million in revenue and $14 million in adjusted EBITDA for the year ended December 31, 2019. RCI plans to invest $3 million in capital expenditures for revitalization, expected to enhance earnings and cash flow from the acquired properties.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) reported strong sales for the fourth quarter and full year ended September 30, 2021. Total sales reached $54.4 million, up 91.6% year-over-year and 23.5% compared to Q4 2019. The company's nightclubs achieved sales of $40.0 million, a 211% increase from the previous year. Bombshells restaurants reported $14.4 million in sales, although down 7.3% from Q4 2020. The company anticipates further growth in Q1 2022, bolstered by acquisitions and new openings. Full financial results are expected by December 14, 2021.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) will present at the LD Micro Main Event conference on October 12-13, 2021, in Los Angeles. CEO Eric Langan and CFO Bradley Chhay will host one-on-one meetings with investors, along with Ryan Parker, Director of Financial Planning and Analysis. RCI's presentation is scheduled for October 13 at 4:00 PM ET. Interested investors can schedule meetings or attend the presentation via the company’s website. Chris Lahiji, Founder of LD Micro, praised RCI’s transformation over the years, highlighting its prominent place in the small-cap sector.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has successfully closed a $99.1 million fixed-rate real estate loan with favorable terms. This loan refinances $85.7 million of existing debt and provides $12.3 million to settle high-interest liabilities, facilitating the acquisition of 11 clubs announced on July 26, 2021. The refinancing will reduce interest and principal payments by $1.4 million and $3.8 million in the first year and eliminate future balloon payments of $7.1 million over the next 24 months.

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has announced a quarterly cash dividend of $0.04 per common share for the fourth quarter of Fiscal 2021, ending September 30, 2021. The dividend is payable on September 27, 2021 to shareholders on record as of September 13, 2021, with an ex-dividend date of September 10, 2021. This marks the company’s 23rd consecutive quarterly cash dividend, demonstrating a consistent return of value to shareholders.