Buy Or Sell - Has Ruth's Hospitality Stock Worn Out Its Welcome? | Reuters
Shares of Ruth's Hospitality Group Inc (RUTH.O) have risen nearly four-fold in the past five months as the company posted higher-than-expected profits in two consecutive quarters on reduced costs, and said it would focus on reducing debt. However, the operator of upscale steakhouses, which has experienced falling customer traffic in the recession, said on Friday trends in July had not really improved from the second quarter and that it was still having a hard time recapturing lost traffic.
