International Business News - RUTH http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Dismal spending trends at restaurants may be here to stay, said an RBC Capital Markets analyst on Tuesday. Analyst Larry Miller said in a note to investors that a recent RBC survey of more than 1,300 consumers conducted by ChangeWave Research suggests that weak spending by consumers at restaurants in October will likely continue into the next few months at least. http://www.ibtimes.com/articles/20081202/sector-snap-restaurant-spending.htm Tue, 02 Dec 2008 11:51:09 EST Shopping up an appetite? Restaurants, which have been hit hard by the economic downturn, certainly hope so. To entice shoppers, chains are increasing their advertising during the Thanksgiving holiday weekend, offering freebies to customers who take a break from the stores and giving discounts to anyone who buys a gift card from the restaurant. http://www.ibtimes.com/articles/20081130/restaurants-offering-holiday-deals-to-boost-sales.htm Sun, 30 Nov 2008 14:21:39 EST A Morgan Keegan analyst said Monday the depletion of retirement funds could keep consumers from eating out, leading to lower sales at established locations. http://www.ibtimes.com/articles/20081110/sector-snap-restaurants.htm Mon, 10 Nov 2008 11:49:47 EST Restaurant shares fell in early trading Friday, mirroring a sharp drop in the Dow Jones Industrials as investors worried that a global recession may be on the horizon. http://www.ibtimes.com/articles/20081024/restaurant-shares-drop-in-early-trading.htm Fri, 24 Oct 2008 10:34:46 EDT A Deutsche Bank North America analyst said Friday fast-food chains may be a better investment than casual-dining chains heading into the third quarter earnings season for restaurants. http://www.ibtimes.com/articles/20081017/sector-snap-restaurants.htm Fri, 17 Oct 2008 14:11:23 EDT Beef may not be what's for dinner at your favorite restaurant come 2009. Restaurants, now working to secure supply and price contracts for meat and other commodities for the upcoming year, are expecting big increases in food costs--increases that will likely lead to menu changes and price hikes. http://www.ibtimes.com/data/articleimgs/151364-restaurants-food-costs.jpg http://www.ibtimes.com/articles/20081013/restaurants-may-change-menus-hike-prices-in-2009.htm http://www.ibtimes.com/articles/20081013/restaurants-may-change-menus-hike-prices-in-2009.htm Mon, 13 Oct 2008 17:31:20 EDT An RBC Capital Markets analyst cut the price targets of eight restaurant companies on Wednesday, saying the chains are all facing slower sales and higher commodity costs. http://www.ibtimes.com/articles/20081008/sector-snap-analyst-cuts-restaurant-price-targets.htm Wed, 08 Oct 2008 14:03:26 EDT A Goldman Sachs analyst took a dim view of the nation's casual dining restaurant chains, telling investors in a research note that the industry will likely face pressure as diners ratchet down discretionary spending at least through next year. http://www.ibtimes.com/articles/20081006/ahead-of-the-bell-casual-dining-cut-at-goldman.htm Mon, 06 Oct 2008 08:53:46 EDT Among the premarket stories for Wednesday, Oct. 1, from AP Financial News: NEW YORK (AP)--An analyst on Wednesday downgraded Ruth's Hospitality Group Inc. and Morton's Restaurant Group Inc., mainly due to concerns about the weakening economy and consumer and business spending concerns. http://www.ibtimes.com/articles/20081001/premarket-roundup-restaurants-energysolutions.htm Wed, 01 Oct 2008 10:05:02 EDT An analyst on Wednesday downgraded Ruth's Hospitality Group Inc. and Morton's Restaurant Group Inc., mainly due to concerns about the weakening economy and consumer and business spending concerns. http://www.ibtimes.com/articles/20081001/ahead-of-the-bell-ruths-mortons.htm Wed, 01 Oct 2008 09:17:01 EDT Shares of restaurants companies were mixed Tuesday after the Federal Reserve decided not to change a key interest rate following alarming moves in the financial services sector that include the Chapter 11 bankruptcy protection filing by Lehman Brothers. http://www.ibtimes.com/articles/20080916/restaurants-mixed-after-fed-keeps-rate-steady.htm Tue, 16 Sep 2008 14:43:18 EDT Restaurant shares mainly rose Tuesday as investors awaited a decision by the Federal Reserve on whether to lower interest rates. The stocks bucked a trend in the overall market, which dropped at the opening bell. http://www.ibtimes.com/articles/20080916/restaurants-mostly-rise-as-investors-look-to-fed.htm Tue, 16 Sep 2008 10:16:54 EDT Shares of restaurant companies dropped after the market opened as investors drew more concerned about the state of the financial services sector after Lehman Brothers said it will file for Chapter 11 bankruptcy protection. http://www.ibtimes.com/articles/20080915/some-restaurant-shares-fall-in-morning-trading.htm Mon, 15 Sep 2008 10:05:38 EDT A Robert W. Baird & Co. analyst said Monday that guest traffic at restaurants is likely to improve in September, but it may not be enough to help some companies meet third-quarter expectations. http://www.ibtimes.com/articles/20080908/sector-snap-restaurant-traffic-may-improve.htm Mon, 08 Sep 2008 11:21:54 EDT Fall's cool winds could make eating out cheap a breeze--depending, that is, on what you order. After a second quarter of too many empty tables and falling profits, restaurant companies are planning to woo diners back with lower-priced dishes as the weather grows colder. http://www.ibtimes.com/data/articleimgs/118647-restaurant-deals.jpg http://www.ibtimes.com/articles/20080829/restaurants-offer-more-deals-the-fall.htm http://www.ibtimes.com/articles/20080829/restaurants-offer-more-deals-the-fall.htm Fri, 29 Aug 2008 14:50:01 EDT _ The National Restaurant Association spent $700,000 in the second quarter to lobby on economic stimulus payment legislation and other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080825/restaurant-group-spent-700k-lobbying-in-2q.htm Mon, 25 Aug 2008 09:24:57 EDT Most restaurant stocks dropped Wednesday after the Commerce Department reported retail sales data for July that showed consumers slowed their spending at bars and restaurants. http://www.ibtimes.com/articles/20080813/sector-snap-restaurant-shares-dip.htm Wed, 13 Aug 2008 10:54:29 EDT Restaurant companies may have depended too much on easy-to-borrow money to back aggressive expansion plans, industry experts say--a move that may lead to more bankrupt chains and fewer new eateries opening in the months to come. http://www.ibtimes.com/data/articleimgs/100787-restaurants-bankruptcies.jpg http://www.ibtimes.com/articles/20080730/analysts-blame-easy-credit-for-restaurant-woes.htm http://www.ibtimes.com/articles/20080730/analysts-blame-easy-credit-for-restaurant-woes.htm Wed, 30 Jul 2008 16:06:14 EDT Restaurant company shares were mixed Friday, but most still gained for the week after a number of companies hit yearly lows just days ago. A mixed bag of earnings reports led the overall market to fluctuate Friday. Citigroup reported a better-than-expected second quarter but several technology companies--including Google--disappointed. http://www.ibtimes.com/articles/20080718/sector-wrap-restaurants-recover.htm Fri, 18 Jul 2008 16:38:57 EDT Shares of at least eight restaurant companies slid to new yearly lows Monday as the companies prepared to report second-quarter earnings amid slower consumer spending and higher commodity costs. http://www.ibtimes.com/articles/20080714/sector-snap-restaurants-slide.htm Mon, 14 Jul 2008 13:24:10 EDT