Ruth’s Hospitality buybacks, sales trends boost outlook

The recent share buybacks by Ruth’s Hospitality Group Inc., which purchased preferred stock held by affiliates of Bruckmann, Rosser, Sherrill & Co. Management LP, elicited a strong response from analysts and investors, helping push Ruth’s share price an aggregate 15.9 percent by close of trading last week, through March 13.

The buyback announcement March 9 came on top of what has been a relatively positive flow of news since the start of the year about the fiscal

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