Key Developments: Rick's Cabaret International Inc (RICK.OQ)

RICK.OQ on NASDAQ Stock Exchange Global Market

11.33USD
11 Jul 2014
Price Change (% chg)

$0.19 (+1.71%)
Prev Close
$11.14
Open
$11.20
Day's High
$11.39
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$11.00
Volume
16,127
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10,091
52-wk High
$12.71
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Latest Key Developments (Source: Significant Developments)

Rick's Cabaret International Inc reaffirms FY 2014 revenue guidance; lowers FY 2014 EPS guidance
Monday, 12 May 2014 04:05pm EDT 

Rick's Cabaret International Inc:Continues to target FY 2014 revenues of about $130 million.Refines FY 2014 EPS GAAP moves to $1.10 from $1.20.Refines FY 2014 EPS Non-GAAP moves to $1.60 from $1.70.  Full Article

Rick's Cabaret International Inc reaffirms FY 2014 guidance
Tuesday, 8 Apr 2014 09:00am EDT 

Rick's Cabaret International Inc:Says that based on second quarter club and restaurant sales, the company remain on course to reach fiscal 2014 revenue target of $130 mln and previous EPS guidance as well.  Full Article

Rick's Cabaret International Inc's subsidiary announces sale of plane
Tuesday, 18 Mar 2014 10:00am EDT 

Rick's Cabaret International Inc:Wholly owned subsidiary, TT Leasing, LLC, has sold 2013 Cessna TTx aircraft.Cessna TTx, a single engine, four place, piston aircraft, was purchased in July of 2013.  Full Article

Rick's Cabaret International Inc reaffirms FY 2014 guidance
Monday, 10 Feb 2014 04:05pm EST 

Rick's Cabaret International Inc:Reaffirms FY 2014 guidance of about $130 million in revenue, $1.70 earnings per share non-GAAP, and $1.20 earnings per share GAAP.  Full Article

Rick's Cabaret International Inc gives FY 2014 EPS guidance
Monday, 16 Dec 2013 04:10pm EST 

Rick's Cabaret International Inc:Says FY 2014 GAAP earnings per share to be about $1.20, with non-GAAP EPS of $1.70.  Full Article

Rick's Cabaret International Inc Buys 49% Interest In Dallas Gentlemen's Club "PT's Platinum
Thursday, 3 Oct 2013 12:45pm EDT 

Rick's Cabaret International Inc announced that it's subsidiary purchased 49% of a corporation that operates the Dallas club "PT's Platinum." Total cost of the transaction was $500,000, with $130,000 allocated to the acquisition of 49 percent of the shares of Manana Entertainment, Inc., which operates the club on behalf of VCG Holding Corp., and $370,000 to purchase the building and personal property. Under the agreement Rick's Cabaret president and CEO Eric Langan will become a vice president and board member of Manana Entertainment.  Full Article

Rick's Cabaret International Inc Subsidiary Extends Purchase Option On New York City Property; Receives $8 Million Offer For 2/3 Of The Air Rights
Thursday, 11 Jul 2013 09:05am EDT 

Rick's Cabaret International, Inc. announced that its subsidiary has extended an option to purchase the property at 50 West 33rd St. until August 9th while it works out contractual details to sell some of the air rights it is acquiring to a third party. The subsidiary has an agreement in place to purchase the property, which is the site of the Company's flagship Rick's Cabaret/NYC adult nightclub. The original contract for the subsidiary to purchase the property was extended after the owner agreed to finance the acquisition. The parties mutually agreed to the first extension at no cost to the Rick's Cabaret subsidiary while the parties worked to mitigate taxation issues. Subsequently, the subsidiary paid an additional $92,708 to extend the current term by 30 days.  Full Article

Rick's Cabaret International Inc's Subsidiary Completes Acquisition Of Topless Nightclub In Los Angeles County
Monday, 3 Jun 2013 09:05am EDT 

Rick's Cabaret International Inc announced that it has completed the acquisition of a new topless nightclub in Los Angeles County that it will open this summer as Vivid Cabaret. The 12,000 square foot club is located in Los Angeles County at 1957 Del Amo Blvd, Rancho Dominguez, CA, just north of Long Beach and convenient to the 405, 110, Gardena and Long Beach freeways. Through a subsidiary Rick's Cabaret International, Inc. acquired the outstanding membership interests for the Los Angeles County location for a purchase price of 100,000 restricted shares of its common stock.  Full Article

Rick's Cabaret International Inc Authorizes Additional $3 Million Share Repurchase
Wednesday, 1 May 2013 09:05am EDT 

Rick's Cabaret International Inc announced that it completed the authorized repurchase of $5 million of its stock. The Board of Directors of the Company has authorized the repurchase of up to an additional $3 million worth of shares from time to time on the open market or in privately negotiated transactions. The $5 million buy-back was authorized by the Board on September 29, 2008. Under this buy-back plan, the Company repurchased 756,087 shares of stock in the open market at an average price of $6.61. The timing and the amount of any further repurchases of common stock will be determined by management based on its evaluation of market conditions and other factors. Management and the Board of Directors will continue to monitor the repurchase program, and it may be modified, suspended or discontinued at any time. The repurchase program will be funded using Rick's Cabaret's working capital.  Full Article

Rick's Cabaret International Inc Issues FY 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Monday, 11 Feb 2013 09:30pm EST 

Rick's Cabaret International Inc announced that Brean Capital analysts put out new EPS guidance on and have at $1.20 a year. The Company is very comfortable with EPS of $1.20 for fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.20 for fiscal 2013.  Full Article

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