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RUTH on NASDAQ

Ruth's Hospitality Group

Logo: Ruth's Hospitality Group marketing dept, Non-free logo, via Wikipedia5

American holding company

Ruth's Hospitality Group, Inc. was a restaurant company with a focus on American steakhouse restaurants. Ruth's was acquired by Darden Restaurants in June 2023. The group was rebranded in May 2008, shortly after Ruth's Chris Steak House acquired the Mitchell's Fish Market and Columbus Fish Market brands from Cameron Mitchell Restaurants.3 Its revenue was $468 million in 2020.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

2008Founded1

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  • TickerRUTH on NASDAQ1
  • Industryrestaurant1
  • HeadquartersWinter Park1
  • Websitewww.rhgi.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address1030 W. Canton Avenue, Suite 100, Winter Park, Fl 327896
  • Filer categoryLarge accelerated filer6
  • LEI529900JQW9JP41OHOD144
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 39612294

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Ruth's Hospitality Group, Inc. was a restaurant company with a focus on American steakhouse restaurants. Ruth's was acquired by Darden Restaurants in June 2023.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

25.5%Gross margin8
9.3%Operating margin8
7.6%Net margin8
17.9%Revenue growth, 20228
29.2%Return on equity8
0.23×Debt to equity8
$20.2MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs91¢$458.7M
  • Interest0¢$1.5M
  • Income tax1¢$7.0M
  • Profit8¢$38.6M

Out of $505.9M in revenue.8

Where each dollar of operating cash went, fiscal 2022

  • Capital spending50¢$47.0M
  • Dividends paid19¢$18.3M
  • Share buybacks31¢$29.6M

Out of $67.2M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$505.9M in 2022+31% since 2016
0$200.0M$400.0M$600.0M2016: $385.9M$385.9M20162017: $414.8M$414.8M2017+7%2018: $452.3M$452.3M2018+9%2019: $468.0M$468.0M2019+3%2020: $277.7M$277.7M2020−41%2021: $429.1M$429.1M2021+55%2022: $505.9M$505.9M2022+18%
Gross profit91011128$129.1M in 2022+25% since 2016
0$50.0M$100.0M$150.0M2016: $103.3M$103.3M20162017: $110.1M$110.1M2017+7%2018: $123.1M$123.1M2018+12%2019: $121.8M$121.8M2019−1%2020: $49.2M$49.2M2020−60%2021: $117.8M$117.8M2021+139%2022: $129.1M$129.1M2022+10%
Operating income91011128$47.0M in 2022−1% since 2016
-$50.0M-$25.0M0$25.0M$50.0M$75.0M2016: $47.6M$47.6M20162017: $46.7M$46.7M2017−2%2018: $51.7M$51.7M2018+11%2019: $52.5M$52.5M2019+2%2020: -$28.5M-$28.5M20202021: $49.7M$49.7M20212022: $47.0M$47.0M2022−6%
Net income91011128$38.6M in 2022+27% since 2016
-$40.0M-$20.0M0$20.0M$40.0M$60.0M2016: $30.5M$30.5M20162017: $30.1M$30.1M2017−1%2018: $41.7M$41.7M2018+38%2019: $42.2M$42.2M2019+1%2020: -$25.3M-$25.3M20202021: $42.3M$42.3M20212022: $38.6M$38.6M2022−9%
Fiscal year2016201720182019202020212022
Revenue$385.9M9$414.8M10$452.3M11$468.0M12$277.7M8$429.1M8$505.9M8
Gross profit$103.3M9$110.1M10$123.1M11$121.8M12$49.2M8$117.8M8$129.1M8
Operating expenses$379.4M8$458.9M8
Operating income$47.6M9$46.7M10$51.7M11$52.5M12-$28.5M8$49.7M8$47.0M8
Interest$1.2M9$821.0K10$1.7M11$2.2M12$4.7M8$3.5M8$1.5M8
Income before tax$46.3M8$45.6M8
Income tax$15.7M9$15.7M10$8.2M11$8.2M12-$7.9M8$4.1M8$7.0M8
Net income$30.5M9$30.1M10$41.7M11$42.2M12-$25.3M8$42.3M8$38.6M8
Earnings per share$0.969$0.9910$1.4111$1.4612-$0.808$1.238$1.168
Earnings per share (diluted)$0.959$0.9710$1.3811$1.4412-$0.808$1.238$1.158
Shares (weighted, basic)34.3M shares833.2M shares8
Shares (weighted, diluted)34.5M shares833.5M shares8

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Corporate structure

Ruth's Hospitality Group sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Ruth's Hospitality Group

  • Hill Path Capital LP Filed SC 13D/A on Ruth's Hospitality Group, latest Jun 16, 2023 (4 filings since Nov 29, 2021)
  • FMR LLC Filed SC 13G/A on Ruth's Hospitality Group, latest Jun 12, 2023 (4 filings since Feb 9, 2022)
  • AllianceBernstein Filed SC 13G/A on Ruth's Hospitality Group, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Ruth's Hospitality Group, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • VANGUARD GROUP INC Filed SC 13G/A on Ruth's Hospitality Group, latest Feb 9, 2023 (2 filings since Feb 10, 2022)
  • BlackRock Filed SC 13G/A on Ruth's Hospitality Group, latest Jan 23, 2023 (2 filings since Jan 28, 2022)

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Ruth's Hospitality Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$354.7M8 Dec 25, 2022$317.6M8 Dec 26, 2021+11.7%
Accumulated depreciation$205.8M8 Dec 25, 2022$195.9M8 Dec 26, 2021+5.1%
Property and equipment, net$148.8M8 Dec 25, 2022$121.7M8 Dec 26, 2021+22.3%
Operating-lease assets (leased space)$195.7M8 Dec 25, 2022$173.8M8 Dec 26, 2021+12.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$23.0M8 Dec 25, 2022$92.1M8 Dec 26, 2021−75.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$45.5M8 Dec 25, 2022$45.5M8 Dec 26, 20210%
Intangible assets, net (excluding goodwill)$45.0M8 Dec 25, 2022$47.2M12 Dec 26, 2021−4.7%
Indefinite-lived intangibles (excluding goodwill)$36.5M8 Dec 25, 2022$36.4M12 Dec 26, 2021+0.4%
Finite-lived intangibles, gross$20.8M8 Dec 25, 2022$21.3M12 Dec 26, 2021−2.3%
Accumulated amortization$12.4M8 Dec 25, 2022$10.5M12 Dec 26, 2021+18.0%
Finite-lived intangibles, net$8.5M8 Dec 25, 2022$10.8M12 Dec 26, 2021−21.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$9.1M8 Dec 25, 2022$8.6M8 Dec 26, 2021+6.8%

The story

The period immediately after the acquisition of the Mitchell's restaurants in February 2008 was turbulent and resulted in the ousting of CEO Craig Miller, who Mike O'Donnell replaced in April 2008. In 2009, RHGI reported declining revenues at both the Ruth's Chris and the Mitchell's brands, with a drop of 22% in Q2 2009. By 2010, O'Donnell had begun to reverse the decline, and in 2011, he was able to report an increase of 9.2% in revenue for Ruth's Chris and a decrease of just 2% for Mitchell's. Overall revenues rose by $15.9m to $353.6m. In a statement to shareholders, he attributed this to their growing success in private dining and catering facilities, as well as improved services for business customers.

In February 2013, RHGI reported a rise in revenues of 7.9% to $398.6 million in 2012 compared to $369.6 million in the prior year. They noted that 4th quarter sales at Ruth's Chris restaurants were up 7.0% on the previous year, representing the 11th consecutive quarterly increase in sales and 20% growth over three years. The Mitchell's brands showed an increase of 5.2% over the previous year.

RHGI continued to add new restaurants to the Ruth's Chris chain, including in Harrah's casino in Las Vegas in January 2013, after the previous Las Vegas location in the Flamingo closed in 2009. The company has announced plans for 2013 that include expanding the Ruth's Chris brand into China, a new Ruth's restaurant in Denver, Colorado, and four or five new franchised Ruth's locations.

In 2014 the company announced the resale of its Mitchell's brand to concentrate on its Ruth's Chris Steak House chain.

In May 2023, it was announced that Darden would acquire RHGI in a $715 million deal. The deal was completed in June of that year.

From Wikipedia’s article on Ruth's Hospitality Group, shared under CC BY-SA 4.0.7

Leadership

Who has led Ruth's Hospitality Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Craig S. Miller2006–2008
  2. Michael P. Odonnell2008–2018
  3. Cheryl Janet Henry2018–2023

Chair

  1. Michael P. Odonnell2017–2020

President

  1. Craig S. Miller2006–2008
  2. Michael P. Odonnell2008–2016
  3. Cheryl Janet Henry2016–2023
  4. Kevin W. Toomy2017–2018

Chief financial officer

  1. Thomas J. Pennison Jr.2006–2007
  2. Robert M. Vincent2008–2010
  3. Arne G. Haak2011–2020
  4. Kristy Chipman2022–2023

Chief operating officer

  1. Geoffrey Stiles2006–2007
  2. Kevin W. Toomy2008–2018
  3. Samual D. Tancredi2008–2012
  4. Peter Joseph Beaudrault2012–2014
  5. Cheryl Janet Henry2016–2018
  6. Kristy Chipman2022–2023
2010201520202025
Board members and other officers (29)

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • Ruths Chris Steak House, Inc.Apr 25, 2005 to May 27, 20086

Timeline

  1. Jun 14, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer58
  2. May 31, 20238-K Executive or director change59
  3. May 26, 20238-K Shareholder vote60
  4. May 3, 20238-K Entered a material agreement; Other events61
  5. May 3, 20238-K Entered a material agreement62
  6. Mar 7, 20238-K Regulation FD disclosure63
  7. Feb 23, 20238-K Results of operations64
  8. Feb 9, 20238-K Other events65
  9. Nov 4, 20228-K Results of operations; Regulation FD disclosure66
  10. Sep 6, 20228-K Regulation FD disclosure67
  11. Aug 5, 20228-K Results of operations; Regulation FD disclosure68
  12. May 27, 20228-K Other events69
  13. Aug 10, 2018New chief executive Cheryl Janet Henry becomes CEO17
  14. Aug 7, 2008New chief executive Michael P. Odonnell becomes CEO18
  15. 2008Founded Founded1
  16. Feb 6, 2006New chief executive Craig S. Miller becomes CEO19

Calendar

When it reported results

  1. Feb 23, 2023Reported quarterly or annual results64
  2. Nov 4, 2022Reported quarterly or annual results66
  3. Aug 5, 2022Reported quarterly or annual results68
  4. May 6, 2022Reported quarterly or annual results70
  5. Feb 24, 2022Reported quarterly or annual results71
  6. Oct 29, 2021Reported quarterly or annual results72

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

135 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 19 major events, 73 insider forms, 16 large holders, 20 other. The latest 20:

  1. Jun 26, 202315-12G EDGAR
  2. Jun 23, 2023EFFECT EDGAR
  3. Jun 16, 2023SC 13D/A AMENDMENT NO. 3 TO THE SCHEDULE 13D EDGAR
  4. Jun 14, 20234 EDGAR
  5. Jun 14, 20234 EDGAR
  6. Jun 14, 20234 EDGAR
  7. Jun 14, 20234 EDGAR
  8. Jun 14, 20234 EDGAR
  9. Jun 14, 20234 EDGAR
  10. Jun 14, 20234 EDGAR
  11. Jun 14, 20234 EDGAR
  12. Jun 14, 20234 EDGAR
  13. Jun 14, 20234 EDGAR
  14. Jun 14, 20234 EDGAR
  15. Jun 14, 20234 EDGAR
  16. Jun 14, 202325-NSE EDGAR
  17. Jun 14, 2023S-8 POS EDGAR
  18. Jun 14, 2023S-8 POS EDGAR
  19. Jun 14, 2023S-8 POS EDGAR
  20. Jun 14, 2023S-8 POS EDGAR

The 135 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 25, 2022Mirdamadi SusanSale15,000$24.00$360.0KForm 4
Feb 11, 2022Mirdamadi SusanSale15,000$23.00$345.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Ruth's Hospitality Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRuths Hospitality Group, Inc.2
  • CIK0001324272
  • Employer ID (EIN)72-10606182
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 242
  • Industry code (SIC)5812 Retail-Eating Places2
  • Business address1030 W. Canton Avenue, Suite 100, Winter Park, FL 327892
  • Phone(407) 333-74402
  • Shares outstanding32,132,941 as of Apr 28, 202315
  • Public float$586.6M as of Jun 24, 20228
  • On EDGAR sinceApr 25, 20052
  • Filings1,011 in all: 4 (421), 8-K (242), SC 13G/A (63), 10-Q (54), 3 (39), SC 13G (20), DEF 14A (19), 10-K (18)2
    All 45 form types

    UPLOAD (17), DEFA14A (16), CORRESP (13), ARS (8), S-1/A (8), FWP (7), EFFECT (4), PRE 14A (4), S-8 (4), S-8 POS (4), SC 13D/A (4), 10-K/A (3), 3/A (3), 4/A (3), 8-K/A (3), S-3 (3), SC 14D9/A (3), SC TO-C (3), 424B5 (2), 5 (2), S-1MEF (2), SC 13D (2), SC TO-T/A (2), SC14D9C (2), 15-12G (1), 25 (1), 25-NSE (1), 424B4 (1), 8-A12G (1), DEFR14A (1), NT 10-Q (1), POS AM (1), PRER14A (1), S-1 (1), S-3/A (1), SC 14D9 (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2023
    Quarterly report (10-Q) May 5, 2023
    Proxy statement (DEF 14A) Apr 20, 2023
    Latest 8-K (8-K) Jun 14, 2023

Sources

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    SEC EDGAROther events
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