Ruth's Hospitality Group upgraded by Piper Sandler with a new price target
$RUTH
Restaurants
Consumer Discretionary
Piper Sandler upgraded Ruth's Hospitality Group from Neutral to Overweight and set a new price target of $28.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2022 | Outperform → Mkt Perform | Raymond James | |
| 9/23/2022 | $22.00 | Overweight | Stephens |
| 2/28/2022 | $27.00 → $28.00 | Overweight | Stephens & Co. |
| 2/25/2022 | $25.00 → $27.00 | Strong Buy | Raymond James |
| 11/23/2021 | Hold | The Benchmark Company | |
| 11/23/2021 | Hold | Benchmark | |
| 11/1/2021 | $26.50 → $25.00 | Strong Buy | Raymond James |
| 10/19/2021 | $29.00 → $27.00 | Overweight | Stephens & Co. |
ORLANDO, Fla., May 3, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (NASDAQ:RUTH) announced earlier today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million. As previously announced, the companies will host a conference call to discuss the transaction on Thursday, May 4, 2023, at 8:30 a.m. ET. The call information provided in the earlier press release was incorrect; this press release is issued to provide updated c
ORLANDO, Fla., May 3, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (NASDAQ:RUTH), jointly announced today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million. Ruth's, owner and operator of Ruth's Chris Steak House ("Ruth's Chris"), will complement Darden's portfolio of differentiated brands which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 5
Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) today announced that it will host a conference call to discuss first quarter 2023 financial results on Friday, May 5, 2023 at 8:30 AM Eastern Time. A press release with first quarter 2023 financial results will be issued at approximately 7:00 AM Eastern Time that same day. The conference call can be accessed live over the phone by dialing 201-689-8470. A replay will be available one hour after the call and can be accessed by dialing 412-317-6671; the password is 13734967. The replay will be available until Friday, May 12, 2023. The call will also be webcast live from the Company's website at www.rhgi.com under the Investor Relations section.
Stephens & Co. analyst Joshua Long suspends Ruth's Hospitality Group (NASDAQ:RUTH) coverage.
Darden Restaurants Inc (NYSE:DRI) closed the acquisition of Ruth's Hospitality Group, Inc (NASDAQ:RUTH) in cash for $21.50 per share. The price translates to an equity value of approximately $715 million. With the acquisition, Ruth's Chris Steak House brand is added to Darden's brand portfolio, which includes Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, Seasons 52, and Eddie V's. In connection with the completion of the merger, Ruth's common stock ceased trading on Nasdaq. Also Read: Increasing Same Store Sales At Olive Garden Signals Bullish Outlook For Darden Restaurants: Analyst Darden expects to garner pre-tax synergies of between $5 million and $10 mi
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-- Trustee Susan Givens to Retire from Board -- Urban Edge Properties (NYSE:UE) today announced the appointment of Mary L. Baglivo to the Company's Board of Trustees, effective September 1, 2022. Ms. Baglivo is an experienced leader with an extensive career in retail, brand marketing, advertising, and higher education. She has held Chief Executive Officer roles at several leading global advertising and communication companies in addition to leading her own brand strategy and consulting firm, The Baglivo Group. She previously served as the CEO Americas at Saatchi & Saatchi, a global marketing and advertising agency. Prior to her role at Saatchi & Saatchi, Ms. Baglivo served as President at
Raymond James downgraded Ruth's Hospitality Group from Outperform to Mkt Perform
Stephens initiated coverage of Ruth's Hospitality Group with a rating of Overweight and set a new price target of $22.00
Stephens & Co. reiterated coverage of Ruth's Hospitality Group with a rating of Overweight and set a new price target of $28.00 from $27.00 previously
Renowned Fine Dining Steak House Debuts Fourth Location in Michigan Ruth's Chris Steak House, famous for its unmatched dining experience and steaks served on 500-degree sizzling plates, today announced its newest location is open for business in Mt. Pleasant, Michigan inside the Soaring Eagle Casino and Resort. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230613438907/en/Ruth's Chris Steak House announced its newest location in Mt. Pleasant, which is now open for business. It is located at 6800 Soaring Eagle Blvd. and brings an unmatched dining experience to the area with its 8,965 square-foot location. (Photo: Business Wire
NEW YORK, June 7, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, June 14: eXp World Holdings Inc. (NASD: EXPI) will replace Heska Corp. (NASD: HSKA). Mars Inc. is acquiring Heska in a deal expected to be completed soon pending final conditions.Privia Health Group Inc. (NASD: PRVA) will replace Ruth's Hospitality Group Inc. (NASD: RUTH). S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Ruth's Hospitality Group in a deal expected to be completed soon pending final conditions.Following is a summary of the changes that will take place prior to the open of trading on the
ORLANDO, Fla., May 3, 2023 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruth's Hospitality Group, Inc. ("Ruth's") (NASDAQ:RUTH) announced earlier today that they have entered into a definitive merger agreement pursuant to which Darden will commence a tender offer to acquire all of the outstanding shares of Ruth's for $21.50 per share, in an all-cash transaction with an equity value of approximately $715 million. As previously announced, the companies will host a conference call to discuss the transaction on Thursday, May 4, 2023, at 8:30 a.m. ET. The call information provided in the earlier press release was incorrect; this press release is issued to provide updated c