Nov. 21, 2013, 11:18 AM
- Grocery store and restaurants stocks are rallying in force as the two sectors see some rare momentum.
- A couple of factors could be coming into play with jobless claims lower and some key wholesale food costs moderating. A slightly more positive read on food/restaurant spending from key companies is also in the mix.
- Advancers: Safeway (SWY) +2.9%, SuperValu (SVU) +1.5%, Whole Foods Market (WFM) +1.3%, Roundy's (RNDY) +2.5%, Jack In the Box (JACK) +5.6%, BJ's Restaurants (BJRI) +3.1%, Cracker Barrel (CBRL) +2.8%, Ruth's Hospitality (RUTH) +2.5%.
Jul. 19, 2013, 2:40 PM
Feb. 20, 2013, 1:56 PMRestaurant companies Wendy's (WEN +5.7%), Ruth's Hospitality (RUTH +7.1%), and Texas Roadhouse (TXRH +6.3%) show outsized gains in a sector struggling to finds its footing with margins getting pinched. The moves could be some portfolio re-shuffling by investors as the trio have been showing stronger same-store sales numbers and traffic trends than rivals. | Comment!
Jul. 27, 2012, 2:00 PMRuth's Hospitality Group (RUTH +16.5%) trades up after easily beating Q2 revenue estimates. Comparable sales at its company-owned Ruth's Chris Steak House brand rose 6%, while sales at its Mitchell's Fish Market increased 2.3%. Worth noting: this is the ninth consecutive quarter of comparable sales growth and 10th straight period of traffic growth at Ruth's Chris. | 2 Comments
Mar. 9, 2012, 9:39 AMRuth's Hospitality (RUTH +5.4%) will repurchase and retire all of outstanding shares of its Series A 10% convertible preferred stock owned by one of its largest shareholders for $60.2M. As a result of the buyback, RUTH's diluted common stock share count decreases by ~8.6M shares and the 10% dividend on the preferred stock is eliminated. | Comment!
Jul. 11, 2011, 9:47 AM
RUTH vs. ETF Alternatives
Ruth's Hospitality Group Inc is a restaurant company focused on the upscale dining segment. The Company owns the Ruths Chris Steak House, Mitchells Fish Market, Columbus Fish Market, Mitchells Steakhouse and Camerons Steakhouse concepts.
Other News & PR