$RICK Time To Start A Position
RICK has gotten hit like most other nightlife and restaurant operators due to the coronavirus crisis. However, business will come back and shares are down 66% off their highs. RICK is a worthwhile play for investors looking for good companies that have been hit hard over the coronavirus. If business were operating as usual, RICK would be trading at just 4.8x earnings, 0.44x sales, 0.52x book, 4.73x FCF, and a PEG ratio of just 0.12. RICK is also trading at key trendline support.RCI Hospitality Holdings, Inc., through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates through Nightclubs, Bombshells, and Other segments. The Nightclubs segment 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, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club, as well as dance clubs under the Studio 80 brand. The Bombshells segment operates restaurants and sports bars under the Bombshells Restaurant & Bar brand. The Other segment owns a national industry convention and tradeshow; two national industry trade publications; two national industry award shows; and 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 1983 and is based in Houston, Texas.
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