Profile: Ruth's Hospitality Group Inc (RUTH.OQ)

RUTH.OQ on NASDAQ Stock Exchange Global Select Market

12.20USD
1 Aug 2013
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$0.24 (+2.01%)
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$11.96
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Volume
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Ruth’s Hospitality Group, Inc. (Ruth’s Chris) is a restaurant company focused on the upscale dining segment. The Company owns the Ruth’s Chris Steak House, Mitchell’s Fish Market, Columbus Fish Market, Mitchell’s Steakhouse and Cameron’s Steakhouse concepts. As of December 25, 2011, there were 131 Ruth’s Chris Steak House restaurants, of which 63 were Company-owned and 68 were franchisee-owned, including 14 international franchisee-owned restaurants in Aruba, Canada, China (Hong Kong), Mexico, Japan, Taiwan, and the United Arab Emirates. The Company also operates 19 Mitchell’s Fish Markets and three Cameron’s Steakhouse restaurants, located primarily in the mid-west and Florida. In June 2011, the Company closed the Ruth’s Chris Steak House located in Santa Barbara, California. On July 11, 2011, a Company-owned Ruth’s Chris Steak House opened in Portland, Oregon. On September 12, 2011, a franchisee owned Ruth’s Chris Steak House opened in Grand Rapids, Michigan in the Amway Grand Hotel. On December 12, 2011, a franchisee owned Ruth’s Chris Steak House opened in the Biltmore Village in Asheville, North Carolina. In October 2011, the Company closed the Mitchell’s Fish Market located in Glenview, Illinois. During the fiscal year ended December 25, 2011 (fiscal 2011), it closed one location in Las Vegas, NV.

Ruth’s Chris Steak House

The Company’s Ruth’s Chris Steak House an upscale steakhouse company. The Ruth’s Chris menu includes lamb chops, veal chops, fish, chicken and lobster. The Company’s Ruth’s Chris restaurants offer 10 to 13 appetizer items, including New Orleans-style barbequed shrimp, mushrooms stuffed with crabmeat, shrimp remoulade, Louisiana seafood gumbo, lobster bisque, osso bucco ravioli, as well as seven different salads. They also offer seven to nine types of potatoes and eight to ten types of vegetables as side dishes. For dessert, creme brulee, bread pudding with whiskey sauce, cheesecake, fresh seasonal berries with sweet cream sauce and other selections. The Company’s wine list features bottles typically ranging in price from $30 to $2,000. Most of the Company’s Ruth’s Chris restaurants also offer approximately 30 to 40 wines-by-the-glass and a range of beers, liquors and alcoholic dessert drinks. Wine sales accounted for approximately 64% of the total beverage sales during fiscal 2011.

Mitchell’s Fish Market

Mitchell’s Fish Market is a 19 location upscale seafood concept. Mitchell’s Fish Market is open for both lunch and dinner, offering a menu of 60 seafood choices. The Mitchell’s Fish Market menu offers seafood items, such as Chesapeake Bay Crab Cakes and Fish and Chips, as well as offerings, such as Cedar Planked Salmon and the Shang Hai Sampler. Menu offerings also include non-seafood items, such as steak and chicken. Mitchell’s Fish Market also offers dessert menu that includes Seven-Layer Carrot Cake, Sharkfin Pie and other selections. Restaurants also offer approximately 24 types of wine-by-the-glass. Wine sales accounted for approximately 49% of the total beverage sales during fiscal 2011.

Mitchell’s/Cameron’s Steakhouse

Mitchell’s/Cameron’s Steakhouse is an American steakhouse concept offering hand selected prime steaks, along with a selection of Japanese Kobe beef. Mitchell’s Steakhouse has two locations in the Columbus, Ohio area. Cameron’s Steakhouse is located in Birmingham, MI. It also offers a range of wines.

The Company competes with Fleming’s, The Capital Grille, Smith & Wollensky, The Palm, Del Frisco’s, Morton’s of Chicago, McCormick & Schmick’s, Legal Seafood, Bonefish Grill and The Oceanaire Seafood Room.

Company Address

Ruth's Hospitality Group Inc

Suite 100, 1030 W. Canton Avenue
WINTER PARK   FL   32789
P: +1407.3337440
F: +1302.6555049

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