RCI Hospitality: Fiscal Q2 Earnings Snapshot
May 10, 2021
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HOUSTON (AP) RCI Hospitality Holdings Inc. (RICK) on Monday reported fiscal second-quarter net income of $6.1 million, after reporting a loss in the same period a year earlier.
The Houston-based company said it had net income of 68 cents per share. Earnings, adjusted for one-time gains and costs, were 75 cents per share.
The adult nightclub chain posted revenue of $44.1 million in the period.
RCI Hospitality shares have risen 85% since the beginning of the year. In the final minutes of trading on Monday, shares hit $73, climbing sixfold in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RICK at https://www.zacks.com/ap/RICK
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NEW ORLEANS, May 7, 2021 /PRNewswire/ Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ( KSF ), announces that KSF has commenced an investigation into RCI Hospitality Holdings Inc. (NasdaqGS: RICK).
On December 11, 2018, the Company disclosed that it was unable to timely file its annual report for the FYE September 30, 2018 due to delays in completing the audit of its financial statements for the year ended September 30, 2018. Then, on May 10, 2019, the Company disclosed an informal inquiry by the SEC into its financial statements after a series of negative articles alleged that the company had omitted certain related party transactions, and that it had established a special committee to conduct an internal, independent review of those matters.
NEW ORLEANS, May 7, 2021 /PRNewswire/  Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ( KSF ), announces that KSF has commenced an investigation into RCI Hospitality Holdings Inc. (NasdaqGS: RICK). Â
On December 11, 2018, the Company disclosed that it was unable to timely file its annual report for the FYE September 30, 2018 due to delays in completing the audit of its financial statements for the year ended September 30, 2018. Then, on May 10, 2019, the Company disclosed an informal inquiry by the SEC into its financial statements after a series of negative articles alleged that the company had omitted certain related party transactions, and that it had established a special committee to conduct an internal, independent review of those matters.
Should You Invest in RCI Hospitality Holdings Inc. (RICK)?
Greenhaven Road Capital, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A commendable net return of 14% was recorded by the fund for the Q1 of 2021, outperforming the S&P 500 Index that delivered a 6.17% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Greenhaven Road Capital, in their Q1 2021 investor letter, mentioned RCI Hospitality Holdings, Inc. (NASDAQ: RICK), and shared their insights on the company. RCI Hospitality Holdings, Inc. is a Houston, Texas-based nightclub company that currently has a $646 million market capitalization. Since the beginning of the year, RICK delivered an 81.66% return, impressively extending its 12-month gains to 538.57%. As of April 30, 2021, the stock closed at $72.81 per share.
Is RCI Hospitality Holdings (RICK) A Good Investment Choice? insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.