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Actionable news in RICK: Rick's Cabaret International, Inc.,

Bombshells restaurant CEO: ‘Optimism is way up right now’ thanks to Trump

The typical investor likely can’t identify the company behind the stock ticker RICK, but there’s a better chance they’ve been to a club or restaurant owned by the company, RCI Hospitality Holdings.

RCI owns 38 nightclubs across America in cities like Houston, Miami, Minneapolis and New York (including Rick’s Cabaret, hence the stock ticker). The properties are often classified as “adult entertainment,” but are more colloquially known as strip clubs—a term CEO Eric Langan doesn’t avoid. (He boasts that RCI is the only publicly-traded strip club company.)

But RCI’s new focus isn’t on its clubs. The company also owns Bombshells Restaurant & Bar, a casual-dining chain with scantily clad waitresses (think Hooters) and a military theme. Bombshells currently has just four locations, all in Texas: two in Houston (where RCI is headquartered), one in Dallas, and one in Austin, with three more opening this year in Houston.

Now RCI is about to embark on a major national expansion of Bombshells, using both company-owned stores and franchises. It plans to have 100 Bombshells open in the next 5 to 10 years, an effort that will involve 30% company-owned stores, and the rest opened by franchisees. It will require a quick pace of expansion.

Maybe that...


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