RCI Hospitality Shares Rise After Share Buyback

Dow Jones11-22

By Chris Wack

RCI Hospitality Holdings shares were 10% higher, at $24.16, after the company said it bought all the shares of RCI owned by ADW Capital Partners.

The nightclub and restaurant company said it bought the 821,000 shares for $30 million, or $36.54 each for $8 million in cash and $22 million in two-year seller financing at 12%.

The transaction closed Friday.

The company said the deal reduces its share count by about 9.5%, to 7.85 million shares outstanding, and expedites its five-year capital allocation plan to reduce shares to 7.5 million by fiscal year 2030.

RCI said the deal is accretive from day one to free cash flow per share based on static free cash flow for the trailing 12 months.

The transaction was approved by RCI's board of directors after receiving a fairness opinion from a third-party business advisory firm that the purchase price was fair from a financial point of view to shareholders.

RCI shares hit their 52-week low of $21.88 on Thursday, and are down 52% in the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

November 21, 2025 13:12 ET (18:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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