Jeffrey Jones, a real estate investor, developer and the founder of America Development & Investments and Redstone Hospitality Group partner, said: "We look forward to expanding the brand within the Dallas-Fort Worth and greater north Texas marketplace."

Mark Ingram, president of franchise for Ruby Tuesday, said: "The Redstone Group has in-depth knowledge of our brand, and they are proven operators. We are confident in their abilities to bring Ruby Tuesday's high-quality casual dining to the Dallas area."

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"Its valuation will improve as debt reduction reduces equity risks and interest expense, and as unit economics stabilize in a normalized spending environment," the firm wrote to clients.

SunTrust expects a recent tentative pact Ruby Tuesday entered into with its lenders carries restrictions on its discretionary capital expenditures, dividends and buyback programs. The firm said that once Ruby Tuesday achieves the required debt ratios, "we expect management to return to deploying excess capital in the form of dividends and share repurchases."

Shares of Ruby Tuesday rose 9.7% to $8.61 on Wednesday. The stock is down 71% over the past 52 weeks. Ryan Vlastelica rv/pc

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"We take pride in bringing this American classic to Dubai and to our portfolio of restaurant concepts. Although the number of American-style restaurants in the city is on the rise, Ruby Tuesday promises a unique dining experience, which is anchored by its signature preparation. We feel that this differentiation will fill a gap in the local market and appeal to diners. A countrywide expansion of Ruby Tuesday in this area is already in the pipeline and will be announced shortly," said David Duncombe, Food & Beverages Concept Manager at BinHendi Enterprises.

With a menu that highlights fresh salads, handcrafted burgers, award-winning ribs, premium steaks and seafood, and appetizers that eat-like-a-meal, Ruby Tuesday offers both variety and value. Handcrafted cocktails are made-to-order using fresh-squeezed juices. Guests should plan to end their meal by selecting a melt-in-your mouth dessert, such as the double chocolate cake or strawberry cream puff.

"It comes as no surprise that since its establishment over 30 years ago, Ruby Tuesday has grown tremendously, with 950+ company-owned and franchised restaurants all over the world, including Canada, Chile, Guam, Greece, Hawaii, Honduras, Hong Kong, Iceland, India, Kuwait, Puerto Rico, Romania, Saudi Arabia, and Trinidad. What has made this restaurant chain a success is its ability to excite guests and staff on a daily basis. Come and experience some gracious hospitality in Ruby Tuesday now open from 11:00a.m to midnight daily," added Duncombe.(C) 2008 Al Bawaba (www.albawaba.com)