Darden Restaurants (DRI), announced that it has completed its acquisition of Ruth‘s Hospitality Group (RUTH). The Ruth’s Chris Steak House brand now joins and complements Darden’s portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V’s and Bahama Breeze. In connection with the completion of the merger, Ruth’s common stock ceased trading on Nasdaq.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on DRI:
- Darden Restaurants Completes Acquisition of Ruth’s Hospitality Group
- Darden price target raised to $187 from $169 at Citi
- Privia Health to replace Ruth’s Hospitality in S&P 600 at open on 6/14
- Darden Restaurants and Ruth’s Hospitality Group Provide Updated Call Information for Thursday, May 4, 2023 Conference Call
- Darden Snaps Up Ruth’s Hospitality Group for $715 Million