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Eric Scott Langan, the President and CEO of RCI Hospitality Holdings, Inc. (NASDAQ:RICK), made a notable purchase of the company’s common stock, according to a recent SEC filing. The timing appears strategic, as InvestingPro data shows the stock has declined over 23% in the past six months, while maintaining impressive gross profit margins of nearly 85%. On May 22, 2025, Langan acquired 1,000 shares at a price of $39.83 per share, amounting to a total transaction value of $39,830. Following this purchase, Langan’s direct ownership in the company increased to 705,000 shares. This transaction reflects Langan’s ongoing commitment to RCI Hospitality as both an executive and a shareholder. According to InvestingPro analysis, management has been aggressively buying back shares, and the company currently appears undervalued based on Fair Value estimates. Subscribers can access 10 additional ProTips and a comprehensive Pro Research Report for deeper insights into RICK’s investment potential.
In other recent news, RCI Hospitality Holdings Inc. reported its second-quarter 2025 earnings, which fell short of analyst expectations. The company’s earnings per share (EPS) were $0.65, missing the anticipated $0.72, and revenue was $65.9 million, below the forecast of $71.73 million. Despite these misses, the company experienced a significant increase in net income, rising from $800,000 to $3.2 million year-over-year. RCI Hospitality continues to focus on strategic acquisitions and operational improvements, which are part of its growth strategy. The company also faced challenges due to adverse weather conditions that impacted sales, resulting in an estimated $5.6 million loss in sales. Additionally, RCI Hospitality is targeting $6 million in adjusted EBITDA from annual acquisitions and aims to generate $250 million in free cash flow over five years. The firm projects $400 million in revenue by fiscal 2029 and plans to reduce its outstanding shares to 7.5 million. Despite the earnings shortfall, the company remains optimistic about its strategic initiatives and future prospects.
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