Investors are finally seeing some strength in the restaurant space. Traffic is picking up as more individuals choose to eat out. The National Restaurant Association noted that October traffic was up as more restaurant operators reported a rise than a drop. November was also positive, and The National Restaurant Association noted that 47% of restaurant operators saw traffic growth in November, up from the 43% reported in October.
What could be one of the best areas is the high-end market, as consumers trade up thanks to a rebounding economy. Ruth's Hospitality Group (NASDAQ:RUTH) operates the higher-end Ruth's Chris Steak Houses. Ruth's customers are highly loyal, and heavy users. About a third of its customers visit Ruth's eight or...
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