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Landry's Continues Its Acquisition Strategy In Steakhouses

|Includes: Ruth's Hospitality Group, Inc. (RUTH)

Smaller, faster growing chain than RUTH and much higher average check ($135!!!), but shows his continued interest in the space.

11X EV/EBTIDA for the deal is very full price..

Would love RUTH to go for that, but highly unlikely.

Disclosure: I am long RUTH.