Ruths Hospitality Group Inc Stock Price, News & Analysis

Ruth's Chris Steak House has opened its 151st location in Lake Grove, New York, located at Smith Haven Mall. This 6,917-square-foot restaurant features two dining rooms, a luxurious bar, and two private dining areas. With over 56 years in business, the brand continues to offer USDA Prime beef and a refined dining experience. The opening celebration included a charity dinner benefiting Island Harvest. President Cheryl Henry emphasized the growth and commitment to Long Island, where Ruth's Chris has operated for over 25 years.

Ruth’s Hospitality Group reported Q3 2021 earnings with a net income of $6.9 million or $0.20 per diluted share, reversing a net loss from Q3 2020. Restaurant sales surged to $97.5 million, up from $58.6 million YOY, marking a comparable sales increase of 66.8% versus Q3 2020. Despite a significant 65% rise in beef costs, operational income reached $9.0 million. The company opened two new restaurants and plans six more by the end of 2022. The amended credit facility provides a $140 million revolving line of credit, enhancing financial flexibility.

Ruth's Chris Steak House has announced its upcoming holiday menus available for in-restaurant dining and to-go orders across more than 150 locations. Starting October 25, customers can pre-order Thanksgiving meals for pick-up on November 24, featuring traditional dishes like sliced oven-roasted turkey. Holiday sides will also be available from November 17 to January 2. Additionally, a gift card promotion runs from November 1 to December 21, offering customers a $40 bonus for every $200 gift card purchase.

Ruth's Hospitality Group (NASDAQ: RUTH) will host a conference call on October 29, 2021, at 8:30 AM ET to discuss its third quarter 2021 financial results. A press release with these results will be issued earlier that day at 7:00 AM ET. Investors can join the call via phone at 201-689-8470 or access a replay after 9:30 AM ET by dialing 412-317-6671 until November 5, 2021. The call will also be available as a live webcast on the company’s website.

Ruth’s Chris Steak House has opened its seventh location in New Jersey, marking the brand's 150th restaurant. Situated in The Mall at Short Hills, the new 8,300-square-foot venue features two dining rooms, a bar, and private dining areas. The restaurant aims to provide an upscale dining experience with signature USDA Prime steaks and fresh seafood. To celebrate the opening, Ruth’s Chris hosted a dinner for community leaders and initiated a fundraising campaign for the Community FoodBank of New Jersey, enabling guests to contribute through their dining experience.

Ruth’s Chris Steak House is set to open its fourth location in Michigan at Soaring Eagle Resort and Casino in Mount Pleasant. This partnership aims to enhance the dining experience for guests at the resort. The renowned steakhouse specializes in custom-aged USDA Prime steaks served on sizzling plates, complemented by a diverse menu and an award-winning spirits program featuring over 200 wine labels. Ruth’s Hospitality Group is the largest fine dining steakhouse company in the U.S., boasting over 140 locations worldwide.

Ruth’s Hospitality Group, Inc. (Nasdaq: RUTH) reported strong second quarter results with restaurant sales soaring to $104.2 million, up from $27.0 million in Q2 2020. Comparable sales surged 286.6% year-over-year, with net income of $12.4 million ($0.36 per share), bouncing back from a $17.6 million loss last year. The company plans to open seven new restaurants by the end of 2022 and achieved a cash balance of approximately $95.5 million. The outlook for 2021 includes labor efficiency improvements and targeted capital expenditures of $20 million to $25 million.

Ruth's Hospitality Group (Nasdaq: RUTH) will host a conference call on August 6, 2021, at 8:30 AM ET to discuss its second quarter 2021 financial results. The press release will be sent out at approximately 7:00 AM ET. Investors can access the call by dialing 201-689-8470, with a replay available until August 13, 2021. The call will also be broadcast live on the company’s website. Ruth's is the largest fine dining steakhouse chain in the U.S., with over 140 locations worldwide.

Ruth's Hospitality Group (Nasdaq: RUTH) will participate in a fireside chat at the Jefferies Virtual Consumer Conference on Tuesday, June 22, 2021, starting at 11:30 am ET. Investors can access a live webcast on the company's corporate website under the Investor Relations section. Ruth's Hospitality Group, based in Winter Park, Florida, is the largest fine dining steakhouse company in the U.S., featuring over 140 Ruth's Chris Steak House locations globally, known for serving USDA Prime steaks in a signature 'sizzling' style.