$0.38 Earnings Per Share Expected for Ruth’s Hospitality Group, Inc. (RUTH) This Quarter

Equities analysts expect that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will post $0.38 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Ruth’s Hospitality Group’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.41. Ruth’s Hospitality Group posted earnings per share of $0.30 in the same quarter last year, which suggests a positive year over year growth rate of 26.7%. The company is expected to issue its next quarterly earnings results on Friday, February 16th.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.01 to $1.07. For the next fiscal year, analysts anticipate that the business will post earnings of $1.14 per share, with EPS estimates ranging from $1.12 to $1.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The firm had revenue of $85.16 million for the quarter, compared to analyst estimates of $87.20 million. Ruth’s Hospitality Group had a net margin of 7.47% and a return on equity of 35.46%. Ruth’s Hospitality Group’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share.

A number of research analysts have commented on RUTH shares. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a research note on Thursday, August 31st. BidaskClub upgraded shares of Ruth’s Hospitality Group from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Ruth’s Hospitality Group presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Ruth’s Hospitality Group by 10.0% in the 2nd quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock worth $93,252,000 after buying an additional 389,525 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Ruth’s Hospitality Group by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,378,750 shares of the restaurant operator’s stock worth $51,737,000 after buying an additional 44,441 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ruth’s Hospitality Group by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,662,250 shares of the restaurant operator’s stock worth $34,824,000 after buying an additional 33,385 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Ruth’s Hospitality Group by 73.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,469,161 shares of the restaurant operator’s stock worth $30,779,000 after buying an additional 622,386 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Ruth’s Hospitality Group by 4.5% in the 1st quarter. State Street Corp now owns 901,073 shares of the restaurant operator’s stock worth $18,061,000 after buying an additional 38,941 shares during the last quarter. Institutional investors own 79.79% of the company’s stock.

Shares of Ruth’s Hospitality Group (NASDAQ RUTH) opened at $19.70 on Tuesday. The firm has a market cap of $622.44, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.34 and a beta of 0.34. Ruth’s Hospitality Group has a fifty-two week low of $15.75 and a fifty-two week high of $22.65. The company has a current ratio of 0.41, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37.

Ruth’s Hospitality Group declared that its board has initiated a share buyback program on Friday, November 3rd that allows the company to repurchase $60.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.83%. This is an increase from Ruth’s Hospitality Group’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, November 8th. Ruth’s Hospitality Group’s dividend payout ratio is 37.90%.

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Ruth’s Hospitality Group Company Profile

Ruth’s Hospitality Group, Inc develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

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