HEATHROW Fla. Ruth’s Hospitality Group Inc. on Monday reported a steep drop in fourth quarter same-store sales at its namesake steakhouse chain and said it was in danger of violating one of its lending covenants. Following the news, shares in Ruth's Hospitality tumbled more than 33 percent Monday to $1.42.The company, which operates or franchises more than 150 restaurants under the Ruth’s Chris Steak House, Mitchell’s Fish Market, Mitchell’s Steakhouse and Cameron’s ...
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Contact: Desiree Torres Desiree.Torres@penton.com