Ruth's Hospitality Group, Inc.
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Ruth's Hospitality Group, Inc. - overview
Established
1965
Location
Winter Park, FL, US
Primary Industry
Travel & Leisure
About
Ruth's Hospitality Group, Inc. operates upscale restaurants, including the renowned Ruth's Chris Steak House, offering a premium dining experience focused on high-quality steak products and exceptional customer service. Ruth's Hospitality Group, Inc. was founded in 1965 in Winter Park, US, as a high-end dining establishment.
The company operates subsidiaries, prominently featuring Ruth's Chris Steak House, known for its unique broiling cooking method. In 2005, the company went public with an IPO on NASDAQ, raising USD 234 mn. The most recent funding round was a Private Placement/Follow on in which Bruckmann Rosser Sherrill invested USD 25 mn, bringing the total amount raised to USD 25 mn. The company has engaged in several strategic deals over the years, including a sale leaseback transaction valued at USD 17.
58 mn with Sovereign Investment Company in 2008. Ruth's Chris Steak House primarily offers a high-end dining experience centered around its signature steak products, prepared using a patented broiling method that ensures optimal flavor and tenderness. The menu features a variety of prime steaks served on 500-degree plates, along with a selection of appetizers, sides, and desserts. The establishment caters to both individuals and groups looking to celebrate special occasions or enjoy quality dining, operating in various urban centers and suburban markets across the United States and internationally.
In 2022, Ruth's Chris Steak House generated a revenue of USD 505. 86 mn, with an EBITDA of USD 69. 06 mn. The revenue is primarily driven by direct-to-consumer transactions, including dine-in, takeout, and catering services, all reflecting the brand's commitment to high-quality offerings.
Ruth's Hospitality Group plans to leverage recent funding to expand its restaurant offerings and enhance operational capabilities. The company is focused on launching new menu items aimed at catering to evolving consumer preferences. Additionally, there are plans to enter new geographic markets, with targeted expansion into key urban areas by the end of 2024. Recent funding from Bruckmann Rosser Sherrill will support these initiatives, enabling the company to strengthen its market presence and improve customer experiences.
Primary Industry
Travel & Leisure
Sub Industries
Restaurants & Nightlife
Website
www.rhgi.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Ruth's Hospitality Group, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Ruth's Hospitality Group, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Ruth's Hospitality Group, Inc. | - | ||||||||
| PIPE | Completed | Ruth's Hospitality Group, Inc. | - | ||||||||
| Trade Sale | Completed | Ruth's Hospitality Group, Inc. | - | ||||||||
| IPO | Completed | Ruth's Hospitality Group, Inc. | - |
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