Hill Path Capital increased its stake after initiating discussions with Ruth's Hospitality Group (RUTH)
Key Summary: In November 2021, Hill Path Capital disclosed a 6% stake and indicated ongoing engagement with management and the Board on enhancing shareholder value and board composition; it increased its stake to 7.6% by December 3, 2021
M.Cap: $582 million | Ruth's Hospitality Group, Inc., together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name.
On November 29, 2021, Hill Path Capital disclosed 6% and stated that it has engaged, and expects to continue to engage, in discussions with management and the Board regarding available opportunities to enhance stockholder value and certain corporate governance-related topics, including, among other items, the composition of the Board of Directors. Source
On December 3, 2021, Hill Path Capital increased its stake to 7.6%.
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