3Q:F21 Topped Our Forecast, Fueled by Higher Margin
RCI Hospitality Holdings (NASDAQ: RICK) was featured in a company-sponsored research earnings release note published by Sidoti & Company LLC. The report reads, “RICK’s previously reported 3Q:F21 nightclub and restaurant sales. Significantly higher margins at both divisions, relative to our estimates, drove EPS to $1.37 versus our estimate at $1.01… Raise price target to $89 (From $86).”
To access the full report, visit https://ibn.fm/Dayur
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, 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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