RCI Hospitality Holdings Inc (Nasdaq:RICK)
December 5th, 2018
Amidst falling markets RCI Hospitality Holdings Inc fell $1.03 Tuesday which equals a 4.09% drop, closing at $24.14. As well as the drop in value, RCI Hospitality Holdings Inc hit a new 52 week low of $23.66, breaking the previous low of $24.51 from earlier this August. Despite the drop in value, trading volumes were solid at 211% of normal which can indicate investor opportunities.
RICK was outperformed by the rest of the Consumer Discretionary sector which went down only 3.91%.
Results from 2 analysts suggest that RCI Hospitality Holdings Inc could increase significantly (49%), while Finbox has calculated (with low uncertainty) a fair value price of $31.15.
The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 13%.
Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.
- Utilities went up with a 0.15% change.
- Real Estate went down with a -1.26% change.
- Consumer Staples went down with a -1.63% change.
- Healthcare went down with a -2.30% change.
- Energy went down with a -2.93% change.
- Materials went down with a -3.08% change.
- Communication Services went down with a -3.14% change.
- Information Technology went down with a -3.86% change.
- Consumer Discretionary went down with a -3.91% change.
- Industrials went down with a -4.35% change.
- Financials went down with a -4.40% change.
Rick’s Cabaret is based in Houston. Rick’s Cabaret was founded in 1983.
RCI Hospitality Holdings Inc Info
RCI Hospitality Holdings, Inc., through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in two segments, Nightclubs and Bombshells. The company owns and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick’s Cabaret, Jaguars Club, Tootsie’s Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Foxy’s Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett’s Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands. It also operates restaurants/sports bars under the Bombshells brand; and dance clubs under the Studio 80 brand. As of November 30, 2017, the company operated 45 units that offers live adult entertainment, and/or restaurant and bar operations. In addition, it owns a national industry convention and tradeshow; two national industry trade publications; and two national industry award shows, as well as approximately a dozen industry and social media Websites. The company was formerly known as Rick’s Cabaret International, Inc. and changed its name to RCI Hospitality Holdings, Inc. in August 2014. RCI Hospitality Holdings, Inc. was founded in 1982 and is based in Houston, Texas.
All amounts in USD unless otherwise indicated
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