Ruth’s Chris Revamp Hitting the Spot

ph-ac-cn-ruths-chris-odenton-0819-20150819November 13, 2015 — Ruth’s Hospitality Group, Inc. is the largest fine-dining steak house in the U.S. Ruth’s currently has 145 restaurants globally, 66 company-owned and 79 franchisee-owned units. The stock price has risen steadily since November 2014, when Ruth’s sold the Mitchell’s Restaurants (21 high-end) to Landry’s, Inc. for $10M. The company has since shifted its focus from a diversified portfolio to a single-brand concept, Ruth’s Chris Steak House, for long term organic growth. Ruth’s Hospitality is revamping their restaurants to attract the next generation while retaining their current high-end customers simultaneously. Year to date, the revenue stream indicates a positive trend.

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