RCI Hospitality Indicted on Conspiracy and Fraud Charges

RCI Hospitality Holdings ( (RICK) ) has issued an announcement.

On September 16, 2025, RCI Hospitality Holdings, Inc., along with its CEO, CFO, and several subsidiaries, was indicted by the New York Supreme Court on charges including conspiracy, bribery, and tax fraud. The allegations stem from a previous investigation by the New York Attorney General, accusing the company of providing benefits to a tax auditor in exchange for reduced sales tax liabilities. RCI and the individuals involved deny the charges and intend to defend themselves, emphasizing that the allegations are unproven and that they are presumed innocent until proven guilty. Despite the indictment, all three New York City clubs remain operational.

The most recent analyst rating on (RICK) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on RCI Hospitality Holdings stock, see the RICK Stock Forecast page.

Spark’s Take on RICK Stock

According to Spark, TipRanks’ AI Analyst, RICK is a Neutral.

RCI Hospitality Holdings’ overall stock score is driven by strong operational efficiency and cash flow management, but is tempered by bearish technical indicators and challenges in revenue growth. The mixed results from the earnings call, with both strategic positives and revenue challenges, further influence the score. The moderate valuation provides some support, but the stock faces headwinds from its current market momentum.

To see Spark’s full report on RICK stock, click here.

More about RCI Hospitality Holdings

RCI Hospitality Holdings, Inc. operates in the adult entertainment and restaurant industry, primarily focusing on managing clubs and dining establishments. The company is publicly traded and maintains a policy of paying all legitimate and non-contested taxes.

Average Trading Volume: 138,627

Technical Sentiment Signal: Sell

Current Market Cap: $225M

For an in-depth examination of RICK stock, go to TipRanks’ Overview page.