Ruth's Hospitality Group: A Better Year Ahead With Hawaii Back In Business

Jan. 04, 2022 5:32 PM ETRuth's Hospitality Group, Inc. (RUTH)1 Comment
Taylor Dart profile picture
Taylor Dart


  • Ruth's Hospitality Group had another difficult year in 2021 due to COVID-19 headwinds, but finished the year up 12%, only slightly behind the restaurant industry group.
  • This underperformance can be attributed to weakness at 6 restaurants that dragged on comps, with Boston, Hawaii, and Manhattan affected by reduced tourism and a slow return to the office.
  • Fortunately, outside of these key markets, sales performance has been solid, and the company should be able to see a full earnings recovery in FY2023.
  • Having said that, with the stock recently rallying nearly 30% off its lows, I believe the best course of action is to be patient for a dip before entering new positions.
A Ruth"s Chris Steak House Restaurant is seen in Markham, Ontario, Canada.

JHVEPhoto/iStock Editorial via Getty Images

Ruth's Hospitality Group (NASDAQ:RUTH) had another difficult year in 2021 due to COVID-19 headwinds but managed to eke out a 12% gain, beating out some dine-in names, but slightly underperforming the restaurant industry group. The underperformance can be attributed to the fact that

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Taylor Dart profile picture
"A bull market is when you check your stocks every day to see how much they went up. A bear market is when you don't bother to look anymore."- John Hammerslough - Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.

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