Your email has been successfully added to our mailing list.

×
0 0 0 0 0 -0.00487290925852765 -0.0172527327801923 -0.0314763598050836
Stock impact report

RCI Announces Acquisition of Platinum West Gentlemen's Club in West Columbia, SC [Yahoo! Finance]

RCI Hospitality Holdings, Inc. (RICK) 
Last rci hospitality holdings, inc. earnings: 2/27 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: rcihospitality.com/investor/default.aspx
Company Research Source: Yahoo! Finance
Gentlemen's Club in West Columbia, South Carolina, the only upscale adult nightclub in the central part of the state. The purchase price totaled $8.0 million, consisting of $3.75 million cash and $2.5 million seller financing at 7% for the club, and $1.75 million cash for associated real estate. The purchase price is in line with RCI's acquisition valuation target of 3-5x annualized adjusted EBITDA for a club and fair market value for its real estate. Eric Langan, President and CEO of RCI Hospitality Holdings, Inc., commented: "This is another exciting acquisition. It fits in well with our other high-end clubs and is the second club purchase since the recent launch of our 5-Year ‘Back to Basics' Capital Allocation Plan." "Platinum West is a well-established business with a seasoned management team. It adds to our six other clubs in Southeast states and should benefit from our marketing, purchasing, and systems know-how." The 10,000 square-foot establishment located at 1995 Old Show less Read more
Impact Snapshot
Event Time:
RICK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for RICK alerts
Opt-in for
RICK alerts

from News Quantified
Opt-in for
RICK alerts

from News Quantified