David Mau

Investors Should Get A Rise Out Of Rick's Cabaret Future Earnings

Rick's Cabaret (NASDAQ: RICK)

My target price for Rick's Cabaret is $24.00.

Near Term Catalysts

    Management to give FY2014 guidance before end of fiscal year My non-GAAP EPS estimates of $1.46 (FY13) -> $1.94 (FY14 est.) -> $2.39(FY15 est.) show new acceleration trend. Vivid Los Angeles to open soon, providing an operational beach head in the West Coast. Vivid NYC to open in time for upcoming Super Bowl XLVII in NY. "Breastaurants" are the second hottest category in the restaurant sector. New Ricky Bobby and Bombshells concepts makes Rick's a serious competitor in this category. Q3:FY2014 earnings beat of $0.36 shows higher margin clientele are returning to Rick's clubs. Management could announce a plan to unlock their balance sheet ...
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