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Ruths Hospitality Group

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Namestring
Ruths Hospitality Group
Legal namestring
Darden Concepts. Inc.
Websiteurl
rhgi.com
Company typeenum
Private
Founded yearint
1965
Descriptiontext

Ruth's Hospitality Group is the former parent company of Ruth's Chris Steak House, an upscale American steakhouse chain founded in 1965 by Ruth Fertel in New Orleans, Louisiana. The chain operates company-owned locations across the United States, serving premium USDA prime steaks cooked using a proprietary patented broiling method and served sizzling on 500-degree plates. In addition to its dine-in dining rooms, the brand operates a bar experience, online ordering for takeout, a website-based reservations system, digital and physical gift cards, and a private events program targeting corporate gatherings and special occasions.

The company's customer base is broad and consumer-facing, encompassing individuals and groups seeking premium dining for celebrations, business meals, and casual gatherings, with no disclosed enterprise anchor accounts. Revenue is generated transactionally across dine-in service, bar sales, online ordering, gift card redemptions, and private event bookings. Pricing is set at the individual restaurant location level and is not publicly disclosed centrally.

Following its 2023 acquisition by Darden Restaurants for $715 million, Ruth's Hospitality Group operates as a wholly-owned subsidiary of Darden Concepts, Inc., headquartered in Orlando, Florida. As a private subsidiary, it no longer files as an independent public company, and detailed operating, financial, and headcount disclosures are no longer available in the public data provided. Headcount is reported in the 5,001-10,000 range, consistent with a multi-unit full-service restaurant operator.

Short descriptiontext

Ruth's Hospitality Group was the corporate parent of Ruth's Chris Steak House, an upscale U.S. steakhouse chain founded in 1965. It generated revenue from dine-in dining, online ordering, gift cards, and private events, serving general consumers seeking premium dining experiences. It was acquired by Darden Restaurants in 2023 for $715 million and now operates as a private subsidiary.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersHeathrow, United Kingdom
HQ citystring
Heathrow
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
upscale steakhouse chain, premium dining services, restaurant hospitality, private event hosting, gift card programs
Industry1 code
1Steakhouses & Seafood Restaurants
CodeTHAFACAEPrimaryYes
Product category
Upscale Steakhouse Restaurants
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Restaurant Dining
TypeTransaction Fee
Description

Revenue generated from dine-in restaurant services, including steaks, bar, and food and beverage sales. Customers pay per visit for meals, with additional revenue from private events and catering.

ruthschris.com
2Online Ordering and Takeout
TypeTransaction Fee
Description

Revenue from online food orders for takeout, through the company's website ordering system.

ruthschris.com
3Gift Cards
TypeOne Time License
Description

Revenue from gift card sales, which are redeemed when customers dine at locations.

ruthschris.com
4Private Events
TypeTransaction Fee
Description

Revenue from hosting private events including celebrations and gatherings.

ruthschris.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Ruths Hospitality Group operates the Ruth's Chris Steak House chain, an upscale American steakhouse brand founded in 1965 by Ruth Fertel in New Orleans. The company runs company-owned restaurant locations offering premium USDA prime steaks cooked using a patented broiling method and served sizzling on 500-degree plates, complemented by a full bar experience, private event hosting, gift card sales, and digital ordering and reservations through its website.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Ruths Hospitality Group operates as Ruth's Chris Steak House, a unified restaurant brand offering upscale dining services through a single, integrated concept. The portfolio centers on the core restaurant brand featuring premium broiled steaks and hospitality, supplemented by digital ordering, reservation management, gift card products, and private event hosting services. The main Ruth's Chris Steak House brand encompasses dine-in dining rooms, a bar experience, and online/mobile ordering capabilities.

Product and service3 records
1Ruth's Chris Steak House
CategoryUpscale Steakhouse Restaurants
Description

Upscale American steakhouse restaurant chain offering premium broiled steaks, seafood, and classic sides in a warm, hospitable dining environment. The chain operates nationwide locations and is known for its patented broiling method and 500-degree plate service.

2Gift Cards
CategoryRestaurant Gift Cards
Description

Digital and physical gift card products for the restaurant chain, available for purchase online and redeemed when customers dine at Ruth's Chris locations.

3Private Events
CategoryEvent Hosting Services
Description

Event hosting services for celebrations, corporate gatherings, and special occasions with customized menus and dedicated staff at Ruth's Chris restaurant locations.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Competitive moat3 records

Each record includes

Type, Details

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Ruths Hospitality Group

Upscale Steakhouse Restaurantsrhgi.com

Ruth's Hospitality Group was the corporate parent of Ruth's Chris Steak House, an upscale U.S. steakhouse chain founded in 1965. It generated revenue from dine-in dining, online ordering, gift cards, and private events, serving general consumers seeking premium dining experiences. It was acquired by Darden Restaurants in 2023 for $715 million and now operates as a private subsidiary.

What Ruths Hospitality Group does

Ruth's Hospitality Group is the former parent company of Ruth's Chris Steak House, an upscale American steakhouse chain founded in 1965 by Ruth Fertel in New Orleans, Louisiana. The chain operates company-owned locations across the United States, serving premium USDA prime steaks cooked using a proprietary patented broiling method and served sizzling on 500-degree plates. In addition to its dine-in dining rooms, the brand operates a bar experience, online ordering for takeout, a website-based reservations system, digital and physical gift cards, and a private events program targeting corporate gatherings and special occasions.

The company's customer base is broad and consumer-facing, encompassing individuals and groups seeking premium dining for celebrations, business meals, and casual gatherings, with no disclosed enterprise anchor accounts. Revenue is generated transactionally across dine-in service, bar sales, online ordering, gift card redemptions, and private event bookings. Pricing is set at the individual restaurant location level and is not publicly disclosed centrally.

Following its 2023 acquisition by Darden Restaurants for $715 million, Ruth's Hospitality Group operates as a wholly-owned subsidiary of Darden Concepts, Inc., headquartered in Orlando, Florida. As a private subsidiary, it no longer files as an independent public company, and detailed operating, financial, and headcount disclosures are no longer available in the public data provided. Headcount is reported in the 5,001-10,000 range, consistent with a multi-unit full-service restaurant operator.

Ruths Hospitality Group firmographics

Firmographics
Name
Ruths Hospitality Group
Legal name
Darden Concepts. Inc.
Website
https://rhgi.com
Company type
Private
Founded year
1965
Operating status
Acquired
Headcount range
5,001–10,000 employees
Short description
Ruth's Hospitality Group was the corporate parent of Ruth's Chris Steak House, an upscale U.S. steakhouse chain founded in 1965. It generated revenue from dine-in dining, online ordering, gift cards, and private events, serving general consumers seeking premium dining experiences. It was acquired by Darden Restaurants in 2023 for $715 million and now operates as a private subsidiary.
Ownership category
akta.pro rank

Ruths Hospitality Group industry classification

Industry
Product category
Upscale Steakhouse Restaurants
akta.pro primary industry
Steakhouses & Seafood Restaurants (THAFACAE)

Keywords

  • Upscale steakhouse chain
  • Premium dining services
  • Restaurant hospitality
  • Private event hosting
  • Gift card programs

Where Ruths Hospitality Group is headquartered

Location

Headquarters

HQ city
Heathrow
HQ country
United Kingdom
HQ region
Europe

Offices1 record

Markets served

Ruths Hospitality Group business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

  1. Restaurant Dining: Revenue generated from dine-in restaurant services, including steaks, bar, and food and beverage sales. Customers pay per visit for meals, with additional revenue from private events and catering.
  2. Online Ordering and Takeout: Revenue from online food orders for takeout, through the company's website ordering system.
  3. Gift Cards: Revenue from gift card sales, which are redeemed when customers dine at locations.
  4. Private Events: Revenue from hosting private events including celebrations and gatherings.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Ruths Hospitality Group product offering

Product offering

Core offering

Ruths Hospitality Group operates the Ruth's Chris Steak House chain, an upscale American steakhouse brand founded in 1965 by Ruth Fertel in New Orleans. The company runs company-owned restaurant locations offering premium USDA prime steaks cooked using a patented broiling method and served sizzling on 500-degree plates, complemented by a full bar experience, private event hosting, gift card sales, and digital ordering and reservations through its website.

Product overview

Ruths Hospitality Group operates as Ruth's Chris Steak House, a unified restaurant brand offering upscale dining services through a single, integrated concept. The portfolio centers on the core restaurant brand featuring premium broiled steaks and hospitality, supplemented by digital ordering, reservation management, gift card products, and private event hosting services. The main Ruth's Chris Steak House brand encompasses dine-in dining rooms, a bar experience, and online/mobile ordering capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

  • Ruth's Chris Steak House Upscale American steakhouse restaurant chain offering premium broiled steaks, seafood, and classic sides in a warm, hospitable dining environment. The chain operates nationwide locations and is known for its patented broiling method and 500-degree plate service.
  • Gift Cards Digital and physical gift card products for the restaurant chain, available for purchase online and redeemed when customers dine at Ruth's Chris locations.
  • Private Events Event hosting services for celebrations, corporate gatherings, and special occasions with customized menus and dedicated staff at Ruth's Chris restaurant locations.

Companies that use Ruths Hospitality Group

Customer profile

Segments1 record

Ideal customer profiles2 records

Ruths Hospitality Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Ruths Hospitality Group partnerships and signals

Strategic signal

Scale indicators1 record

Expansion highlights4 records

Ruths Hospitality Group competitors and assessment

Company assessment

Market position

Competitive moat3 records

Key highlights6 records

Customer concentration

Ruths Hospitality Group social profiles

Digital presence

Ruths Hospitality Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Ruths Hospitality Group leadership team

Management profile

Number of profiles

Profiles2 records

Ruths Hospitality Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Ruths Hospitality Group M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ruths Hospitality Group

What does Ruths Hospitality Group do?

Ruths Hospitality Group operates the Ruth's Chris Steak House chain, an upscale American steakhouse brand founded in 1965 by Ruth Fertel in New Orleans. The company runs company-owned restaurant locations offering premium USDA prime steaks cooked using a patented broiling method and served sizzling on 500-degree plates, complemented by a full bar experience, private event hosting, gift card sales, and digital ordering and reservations through its website.

Is Ruths Hospitality Group a public or private company?

Ruths Hospitality Group is a private company. It is classified as corporate owned and is currently acquired.

When was Ruths Hospitality Group founded?

Ruths Hospitality Group was founded in 1965. It employs 5,001 to 10,000 people.

Where is Ruths Hospitality Group based?

Ruths Hospitality Group is headquartered in Heathrow, United Kingdom, in the Europe region.

How does Ruths Hospitality Group make money?

Four revenue lines are on record. Restaurant Dining is the primary driver. The others are online Ordering and Takeout, gift Cards and private Events.

Does Ruths Hospitality Group have an API?

No public API is recorded for Ruths Hospitality Group.

What industry is Ruths Hospitality Group in?

Ruths Hospitality Group's product category is Upscale Steakhouse Restaurants. Its primary akta.pro industry code is THAFACAE, Steakhouses & Seafood Restaurants.

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Live signals
AInvestRUM Surges 11.6% to 52-Week High: The Momentum Behind the Restaurant Sector's Latest Power MoveRuth's Hospitality Group shares rose 11.65% to $10.45, a new 52-week high, on 6.82 million shares traded with a 7.37% turnover rate. Technical indicators showed extreme bullishness with an RSI of 84.7, while McDonald's fell 1.24%. The report recommends waiting for a pullback to $10.00 before entering long positions.PR NewswireMoore Kuehn Encourages RUTH, GHL, PDCE, and UBA Investors to Contact Law FirmMoore Kuehn, a New York-based securities litigation law firm, announced investigations into four pending merger transactions, examining whether the boards of the target companies acted to maximize shareholder value and made adequate disclosures. The four proposed mergers involve Ruth's Hospitality Group merging with Darden Restaurants for $21.50 per share, Greenhill & Co. merging with Mizuho Financial Group for $15.00 per share, PDC Energy merging with Chevron Corporation at 0.4638 shares per share, and UrstadtBiddle Properties merging with Regency Centers Corporation at 0.347 shares per share. The law firm is encouraging affected shareholders to contact them regarding potential legal claims.BenzingaThese 3 Consumer Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate AnBenzinga published analyst ratings for three high-dividend-yield consumer discretionary stocks: DICK'S Sporting Goods (3.04% yield), Darden Restaurants (3.16% yield), and Levi Strauss & Co. (3.62% yield). DICK'S Sporting Goods received multiple Outperform ratings with price targets of $155-$175 from Wedbush and TD Cowen, while Darden Restaurants received Outperform/Overweight ratings with targets of $160-$170. Levi Strauss received Buy ratings but with reduced price targets of $19 from Guggenheim and Stifel. Recent news highlights include Darden's tender offer to acquire Ruth's Hospitality Group and DICK'S Sporting Goods' multi-year partnership with the Boston Athletic Association.PR NewswireSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HMPT, RUTH, TCFCHalper Sadeh LLC, an investor rights law firm, announced investigations into three pending corporate acquisitions for potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders. The transactions under scrutiny include Home Point Capital Inc.'s sale to Mr. Cooper Group Inc. for $324 million, Ruth's Hospitality Group Inc.'s sale to Darden Restaurants Inc. for $21.50 per share, and The Community Financial Corporation's sale to Shore Bancshares Inc. The law firm is contacting shareholders to inform them of their legal rights and options regarding these transactions.PR NewswireSHAREHOLDER ALERT: Weiss Law Investigates Ruth's Hospitality Group, Inc.Weiss Law has launched an investigation into possible breaches of fiduciary duty by the board of directors of Ruth's Hospitality Group, Inc. in connection with its proposed acquisition by Darden Restaurants, Inc. via tender offer. Under the merger agreement, RUTH shareholders will receive $21.50 cash per share, valuing the transaction at approximately $715 million. The law firm is examining whether the board acted in shareholders' best interests, whether the $21.50 per share consideration adequately compensates shareholders, and whether all material information regarding the sales process and valuation has been fully disclosed.PR NewswireDarden Restaurants and Ruth's Hospitality Group Provide Updated Call Information for Thursday, May 4, 2023 Conference CallDarden Restaurants, Inc. has entered into a definitive merger agreement to acquire all outstanding shares of Ruth's Hospitality Group, Inc. for $21.50 per share in an all-cash transaction. The transaction carries an equity value of approximately $715 million and will be executed via a tender offer. This press release was issued to provide updated conference call information for investors to discuss the transaction, replacing previously released call details.PR NewswireShareholder Alert: Ademi LLP investigates whether Ruth's Hospitality Group, Inc. has obtained a Fair Price in its transaction with DardenLaw firm Ademi LLP announced on May 3, 2023, that it is investigating Ruth's Hospitality Group, Inc. regarding its acquisition by Darden Restaurants, examining potential breaches of fiduciary duty. The transaction carries an equity value of approximately $715 million, with shareholders receiving $21.50 per share, a price the firm claims unreasonably limits competing bids through significant penalties for superior offers. The investigation also focuses on whether insider change of control arrangements provide substantial benefits to company insiders at the expense of shareholders.WsjOlive Garden Owner to Buy Ruth’s Hospitality GroupDarden Restaurants agreed to buy Ruth's Hospitality Group in an all-cash deal valued at $715 million, or $21.50 per share, a 34% premium to Ruth's closing price. The acquisition would bring Ruth's Chris Steak House under the same roof as Olive Garden, LongHorn Steakhouse, and Seasons 52. Darden expects pretax synergies of $5 million to $10 million within the first year after closing.BenzingaRuth's Hospitality Records Street-Beating Q2 EarningsRuth's Hospitality Group Inc reported second-quarter FY22 sales of $128.65 million, representing 16% year-over-year growth and beating the consensus estimate of $124.48 million. Comparable restaurant sales jumped 12.6% versus last year and 18.6% versus 2019, while adjusted EPS of $0.44 exceeded the Street view of $0.31. The board declared a quarterly dividend of $0.14 per share and approved a new $60 million share repurchase program effective August 9, 2022.BenzingaRuth's Hospitality Q1 Earnings Beat EstimatesRuth's Hospitality Group Inc reported first-quarter FY22 sales of $126.13 million, representing 44.5% year-over-year growth and beating analyst consensus estimates of $118.02 million. The company reported comparable restaurant sales growth of 41.5% versus last year and 8.1% versus 2019, with EPS of $0.31 beating the $0.30 consensus. The board declared a quarterly dividend of $0.14 per share and provided 2022 outlook for marketing, G&A expenses and capital expenditures.