RICK - RCI Hospitality Holdings, Inc.
| Previous Close | 17.76 |
| Open | 17.86 |
| Bid | 17.83 x 800 |
| Ask | 17.83 x 800 |
| Day's Range | 17.73 - 17.96 |
| 52 Week Range | 12.50 - 31.00 |
| Volume | 85,529 |
| Avg. Volume | 74,200 |
| Market Cap | 171.175M |
| Beta (3Y Monthly) | 1.41 |
| PE Ratio (TTM) | 10.74 |
| EPS (TTM) | 1.66 |
| Earnings Date | Aug 9, 2019 |
| Forward Dividend & Yield | 0.16 (0.90%) |
| Ex-Dividend Date | 2019-09-09 |
| 1y Target Est | 38.00 |
- American City Business Journals
Houston-based cabaret owner on track to regain stock exchange compliance
The Houston-based cabaret owner has had an eventful few months and received another delisting warning in August.
- PR Newswire
RCI Receives Nasdaq Acceptance of Plan to Regain Compliance
HOUSTON, Sept. 10, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (RICK) today announced the Listing Qualifications Department of the Nasdaq Stock Market has accepted the company's plan to regain compliance with Rule 5250(c)(1). As previously announced, RCI received letters from Nasdaq notifying the company of its noncompliance with the rule because RCI had not filed its Form 10-Qs for the second quarter ended March 31, 2019 and the third quarter ended June 30, 2019. In response, the company submitted and updated a compliance plan to Nasdaq.
- InvestorPlace
7 of the Worst IPO Stocks in 2019
It's been a good year for IPO stocks.The first eight months of 2019 have seen 107 IPOs priced, down about 20% from the same period last year. However, the total proceeds raised add up to $42.5 billion, 23% higher than in the first eight months of 2018.For example, SmileDirectClub, the company that provides in-home teeth straightening at a fraction of the cost, filed its preliminary prospectus Sept. 3. It expects to raise up to $1.3 billion in its IPO selling 58.5 million shares at between $19 and $22 a share, valuing the company at a jaw-dropping $3.2 billion. InvestorPlace - Stock Market News, Stock Advice & Trading TipsGenerally, it's been a seller's market, so you would think there wouldn't be any stinkers. Think again. * 7 Stocks to Buy In a Flat Market Despite a relatively healthy IPO market that's produced an average return of 33% year-to-date through Sept. 3, almost double the S&P 500, several IPOs have wet the bed. Here are what I believe are seven of the worst IPOs in 2019. The Worst IPO Stocks: The We Company (WE)Source: Mitch Hutchinson / Shutterstock.com The first of my worst IPO stocks in 2019 is The We Company, the holding company for office co-working giant WeWork, which currently has 528 locations in 111 cities across 29 countries. Its growth since opening its first location in New York City in early 2010 is mind-boggling. That's the good news. The bad news is that WeWork may never make money. "On the key question of future profitability, it is impossible to tell if WeWork's costs will continue to be double its revenues, or if the per-unit trends justify additional investment," wrote Financial Times contributor Rett Wallace Sept. 3. "Investors relying on the prospectus may have trouble telling what gets more elevated, their consciousness or their blood pressure."WeWork has yet to price its shares, but the cynicism facing this IPO suggests it will be nearly impossible for it to come out of the gate with a positive first-day return. In addition to the fact it loses money, has a nosebleed valuation and relies heavily on CEO and founder Adam Neumann, is the presence of a three-class share structure that will make it virtually impossible for institutional investors to exert any pressure on the company should it continue to lose money for an extended period. While it's not uncommon for tech companies to have a dual-class share structure in place to ensure the founder can maintain a long-term vision, a three-class share structure takes the cake. It hasn't gone public yet and already it has to be considered one of the worst IPOs of 2019. Peloton (PTON)Source: Sundry Photography / Shutterstock.com Peloton, which filed its preliminary prospectus Aug. 28, considers itself to be a technology company that happens to sell interactive fitness machines.In addition to being a technology company, it believes itself to be a media company, an interactive software company, a product design company, a social connection company, an omni-channel retail company, an apparel company and a logistics company. That's like RCI Hospitality Holdings (NASDAQ:RICK), which operates a chain of strip clubs under the name Rick's Cabaret, calling itself a tech company, because, in addition to operating nightclubs, it also operates more than a dozen websites.In a nutshell, Peloton is a company that sells fitness bikes and treadmills between $2,245 and $4.295. Also, it streams classes for these machines for a monthly subscription of $39. In fiscal 2019, it generated $719 million in revenue from the sale of fitness products and $181 million in sales from monthly subscriptions. Including $14.7 million in other revenue, fitness product sales have gone from 84% of its total revenue in fiscal 2017, to 79% in the past year with most of the gains from its monthly subscriptions.Its gross profit margin for fitness products and the monthly subscriptions are 42.9% and 42.7% respectively. However, much like Wayfair (NYSE:W), it has to spend a boatload on marketing to attract and retain customers. As a result of these acquisition costs, Peloton lost $195.6 million before tax in 2019, almost three times what it lost in 2017. * 7 Deeply Discounted Energy Stocks to Buy Just have a look at Nautilus (NYSE:NLS) to understand the risks of investing in fitness equipment. You're far better to invest in Apple (NASDAQ:AAPL) and ride its growth in wearables. Peloton is most likely going to be a dud. Luckin Coffee (LK)Source: Keitma / Shutterstock.com Luckin Coffee (NASDAQ:LK) is China's fastest-growing coffee chain in terms of the number of stores open and cups of coffee sold. It went public May 16 at $17 a share, generating a 19.9% first-day return. Since then, LK stock has gone sideways. They say that you can often pick up an IPO stock for less than its initial pricing within 12-24 months. I have no doubt Luckin is in that category. It's been terribly over-hyped. In mid-August, Luckin reported its first earnings report as a public company. Its results were much worse than expected, sending its stock down by more than 15%.How bad were its second-quarter 2019 results?Luckin was expected to lose 43 cents per share. It lost 48 cents or $49.6 million on $132.4 million in revenue. That means it loses 37 cents for every dollar in sales. In April, Starbucks (NASDAQ:SBUX) CEO Kevin Johnson called Luckin's heavy discounting "unsustainable."Furthermore, while Luckin has only been in business for two years in China, Starbucks has been operating there for the past 20 years and has almost 4,000 stores. As Starbucks plays the long game in China, it has both the experience and financial wherewithal to wait out Luckin. Luckin's IPO is an example of how alluring China is to North American investors. Eventually, that's going to come back to haunt them. Wanda Sports Group (WSG)Source: Juan Carlos Alonso Lopez / Shutterstock.com If you're a triathlete, you've probably familiar with China-based Wanda Sports Group (NASDAQ:WSG), a global sports events, media and marketing platform that owns the Ironman triathlon brand.In late July, WSG went public at $8 a share, raising $190 million by selling 23.8 million shares of its stock. Its stock lost 35.5% on its first day of trading and it's flatlined ever since. WSG is a spinoff of Dalian Wanda Group, the privately held holding company of Chinese billionaire Wang Jianlin, who also owns a controlling interest in AMC Entertainment (NYSE:AMC). Jianlin initially thought Wanda Sports could raise more than $500 million from its IPO. Unfortunately, WSG went public below its IPO target price of $9-$11. Chinese IPOs, in general, have done poorly in 2019. As of the end of July, 11 of the 18 Chinese IPOs this year were trading below their IPO price. WSG is one of those 11. * 7 Best Tech Stocks to Buy Right Now Unlike many IPOs in 2019, Wanda Sports makes money. In 2018, it earned $61.9 million in net income from $1.3 billion in revenue. That's a net margin of just 4.8%, not much better than a grocery store chain. If you are a triathlon athlete, it's probably better to invest in yourself and not the owners of the Ironman. You'll be better for it. Greenlane Holdings (GNLN)Source: Shutterstock Greenlane Holdings (NASDAQ:GNLN) is a leading distributor of vaporization products and consumption accessories in the U.S. and Canada. Its biggest claim to fame is that it distributes Juul and Pax vape pens, two of the biggest manufacturers of vaporizers in the world. That was enough to sell 6 million shares of its stock in April at $17 a share, above the high-end of its pre-IPO pricing. As a result, its stock gained 24% in its first day of trading. However, since then, it's fallen to just under $6, prompting the threat of class-action lawsuits by lawyers across the country who believe the company made several untrue statements in its IPO prospectus. In its Q2 2019 earnings report, Greenlane reported $102.9 million in revenue and a net loss of $21.0 million. On an adjusted basis, it lost $2.6 million in the first six months of the year, a significant decline from a $3.1 million gain a year earlier. On Aug. 8, Greenlane announced that it had signed a deal with Canopy Growth (NYSE:CGC) to be the exclusive distributor of the cannabis company's Storz & Bickel vaporizers.This piece of news has done nothing for Greenlane. The reality is that Greenlane's inventories are growing three times as fast as its sales, which suggests that its ties to cannabis are dubious at best. Uber (UBER)Source: NYCStock / Shutterstock.com In one of the most highly anticipated IPOs in several years, Uber (NYSE:UBER) went public in May at $45 a share, raising $8.1 billion in the process. As I write this, it is trading around $31 a share, 32% below its IPO price. Time to buy? Not by a long shot. Likely, Uber will never make money. In May, just before its IPO, I recommended that investors wait six months before buying its stock to see how it trades. Well, almost four months have passed and nothing good has happened to suggest now is the time to buy. In its first quarter as a public company, Uber reported a GAAP loss of $5.24 billion with about $3.9 billion due to share-based compensation. On a non-GAAP basis, the ride-hailing app's adjusted earnings before interest, taxes, debt and amortization (EBIDTA) loss in Q2 2019 was $656 million, 125% higher than a year earlier. Not quite as bad as $5.24 billion, but still a massive loss for a single quarter. That's especially true when you consider that Uber can do very little to ward off the competition."If I look down at my phone I've literally got six ride-hailing apps on there, and five bike-sharing apps, and drivers are the same -- they'll just go with whoever is busy or wherever they can get the peak pricing," said Aaron Shields, executive strategy director at FITCH, a retail brand consultancy. "The competitors on the market are taking advantage of switching costs -- they're dividing up a market and making it more saturated." * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Every time Uber and the rest of the ride-hailing apps does something to reduce costs, growth slows, which makes its business model a big loser. Levi Strauss (LEVI)Source: Davdeka / Shutterstock.com As of Sept. 3, Levi Strauss' (NYSE:LEVI) shares had lost 0.2% from its IPO price of $17. What makes this so egregious is that LEVI stock gained 32% in its first day of trading, which means it's lost $228 million of its market cap in the last five months. In March, before its IPO, I gave InvestorPlace readers seven reasons why they should steer clear of Levi's stock. It appears that I was right. One of my biggest concerns was the amount of debt it carried on its books. "Assuming Levi's goes out at a valuation of $5.78 billion, the company's long-term debt of $1.1 billion will be 19% of its market cap," I wrote on March 21. "That's not a massive amount by any means considering it's got more than $700 million on its balance sheet, but I can't help but wonder why it hasn't paid down its debt over the past four years."The other big concern I had about LEVI was its lack of significant growth in Asia. In the first six months of 2019, Levi's had Asian revenues of $474.4 million, 7.1% higher than a year earlier. That accounts for just 17% of its global revenue. Now, I get that it's an iconic U.S. brand, but there are plenty of American brands growing faster in Asia. I believe that the Haas family picked an ideal time to go public for a company whose best days may or may not be ahead of it. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 7 of the Worst IPO Stocks in 2019 appeared first on InvestorPlace.
- Business Wire
Shareholder Alert: Robbins Arroyo LLP Announces Complaint Filed Against RCI Hospitality Holdings, Inc. (RICK)
Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of RCI Hospitality Holdings, Inc. (RICK) filed a derivative complaint against the company's directors and officers for breaches of fiduciary duty, unjust enrichment, waste of corporate assets, gross mismanagement, abuse of control, and violations of the Securities Exchange Act of 1934 from August 10, 2017 to the present. According to the derivative complaint, since 2017, RCI's directors and officers have affirmed its past financial results and claimed to have been fully disclosing all related party transactions. On December 11, 2018, RCI revealed that it would be unable to timely file its annual report due to delays in completing its financial statement audits.
- American City Business Journals
Houston-based cabaret owner gets another delisting warning, increases dividend
The owner of Bombshells Restaurant & Bar, Rick's Cabaret and other cabaret brands, which has had an eventful few months, recently received another delisting warning and also is increasing its dividend for the first time.
- PR Newswire
RCI Nightclubs Named "Club Chain of the Year" at Industry Convention
HOUSTON , Aug. 16, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced its portfolio of 37 gentlemen's clubs were collectedly named "Club Chain of The Year" at ...
- PR Newswire
RCI Increases Annual Cash Dividend on Common Stock by 8.3%
HOUSTON , Aug. 15, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced it has increased its annual cash dividend by 8.3%, to $0.13 from $0.12 per share, with the declaration ...
- PR Newswire
RCI Receives Anticipated Nasdaq Letter
HOUSTON, Aug. 14, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (RICK) has received, as anticipated, a letter from the Listing Qualifications Department of the Nasdaq Stock Market notifying the company of its noncompliance with Listing Rule 5250(c)(1), which requires the timely filing of reports with the SEC. Nasdaq's August 12, 2019 letter was sent as RCI has not yet filed its Form 10-Q for the third quarter ended June 30, 2019. If the updated plan is accepted, Nasdaq may grant RCI an extension of up to 180 calendar days from the second quarter 10-Q's due date, or until November 6, 2019, to regain compliance.
- American City Business Journals
Houston-based cabaret owner posts quarterly growth amid board shakeup, selects auditor
Now that an independent public accounting firm has been selected, the company plans to file its two most recent quarterly reports as soon as possible.
- PR Newswire
RCI Names Friedman LLP as Auditor
HOUSTON, Aug. 13, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (RICK) today announced the Audit Committee of its Board of Directors has appointed Friedman LLP as the company's independent registered public accounting firm for the fiscal year ending September 30, 2019, effective August 12, 2019. "Friedman is one of the leading auditing firms for publicly traded companies," said Yura Barabash, a member of the Audit Committee.
- American City Business Journals
Energy cos., retailers among 10 largest Houston companies at risk of delisting
Of the 21 Houston companies that have gotten delisting warnings from their various stock exchanges since the start of the year, 12 of them were either oil and gas producers or direct service providers to such companies.
- Simply Wall St.
Some RCI Hospitality Holdings (NASDAQ:RICK) Shareholders Have Copped A Big 51% Share Price Drop
Investing in stocks comes with the risk that the share price will fall. Unfortunately, shareholders of RCI Hospitality...
- PR Newswire
RCI Reports Preliminary 3Q19 Financial Results
HOUSTON , Aug. 9, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported preliminary unaudited financial results for the Fiscal 2019 third quarter ended June 30, 2019 . The preliminary ...
- PR Newswire
RCI Appoints Elaine Martin and Allan Priaulx to Board of Directors
HOUSTON , Aug. 8, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced Elaine J. Martin and Allan Priaulx have been named as independent members of the Board of Directors ...
- PR Newswire
RCI Reports Preliminary 2Q19 Financial Results
HOUSTON , July 25, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported preliminary unaudited financial results for the second quarter of Fiscal 2019 ended March 31, 2019 . ...
- American City Business Journals
Houston-based cabaret owner loses public accountant, discloses internal review findings
The Houston-based owner of adult clubs and bars such as Rick’s Cabaret and Bombshells recently lost its independent public accountant and disclosed certain financial findings from an internal review.
- ACCESSWIRE
FINAL DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against RCI Hospitality Holdings, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 22, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against RCI Hospitality Holdings, Inc. ("RCI" or "the Company") (RICK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between August 10, 2017 and May 10, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before July 22, 2019.
- ACCESSWIRE
FINAL DEADLINE ALERT - RCI Hospitality Holdings, Inc. (RICK) - Bronstein, Gewirtz & Grossman, LLC Reminds Shareholders of Class Action and Lead Deadline: July 22, 2019
NEW YORK, NY / ACCESSWIRE / July 22, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against RCI Hospitality Holdings, Inc. (“RCI” or “the Company”) ...
- ACCESSWIRE
DEADLINE TODAY: ROSEN, A TOP RANKED LAW FIRM, Reminds RCI Hospitality Holdings, Inc. Investors of July 22nd Deadline in Securities Class Action - RICK
NEW YORK, NY / ACCESSWIRE / July 22, 2019 / Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) between August 10, 2017 ...
- GlobeNewswire
MONDAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against RCI Hospitality Holdings, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against RCI Hospitality Holdings, Inc. (“RCI” or “the Company”) (NASDAQ: RICK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
- PR Newswire
RCI Announces Filing of Form 8-K on Independent Internal Review
HOUSTON , July 22, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced the filing of a Form 8-K with the Securities and Exchange Commission on the previously reported independent ...
- ACCESSWIRE
DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against RCI Hospitality Holdings, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 21, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against RCI Hospitality Holdings, Inc. ("RCI" or "the Company") (RICK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between August 10, 2017 and May 10, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before July 22, 2019.
- ACCESSWIRE
FINAL DEADLINE MONDAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against RCI Hospitality Holdings, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 20, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against RCI Hospitality Holdings, Inc. ("RCI" or "the Company") (NASDAQ: RICK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between August 10, 2017 and May 10, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before July 22, 2019.
- PR Newswire
MONDAY DEADLINE: Rosen, a Top RANKED Law Firm, Reminds RCI Hospitality Holdings, Inc. Investors of July 22nd Deadline in Securities Class Action - RICK
NEW YORK , July 20, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) between August 10, 2017 ...
- GlobeNewswire
Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against RCI Hospitality Holdings, Inc.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming July 22, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of RCI Hospitality Holdings, Inc. (“RCI Hospitality” or the “Company”) (NASDAQ: RICK) investors who purchased securities between August 10, 2017 and May 10, 2019, inclusive (the “Class Period”). If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.
