Ruth's Hospitality Group, Inc. (RUTH) Receives $25.00 Consensus Price Target from Brokerages

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) has been given an average rating of “Buy” by the seven research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of analysts recently commented on RUTH shares. Raymond James Financial raised Ruth's Hospitality Group from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research report on Monday, January 29th. BidaskClub downgraded Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Zacks Investment Research downgraded Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine raised Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, Citigroup increased their price target on Ruth's Hospitality Group from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, February 26th.

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In other Ruth's Hospitality Group news, SVP Susan Mirdamadi sold 8,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $24.80, for a total transaction of $198,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.45% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. grew its holdings in Ruth's Hospitality Group by 73.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 363,630 shares of the restaurant operator’s stock valued at $7,618,000 after purchasing an additional 153,500 shares during the period. Wedge Capital Management L L P NC grew its holdings in Ruth's Hospitality Group by 5.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 82,700 shares of the restaurant operator’s stock valued at $1,790,000 after purchasing an additional 4,100 shares during the period. Schroder Investment Management Group grew its holdings in Ruth's Hospitality Group by 53.1% during the fourth quarter. Schroder Investment Management Group now owns 38,725 shares of the restaurant operator’s stock valued at $838,000 after purchasing an additional 13,429 shares during the period. Allianz Asset Management GmbH grew its holdings in Ruth's Hospitality Group by 73.5% during the third quarter. Allianz Asset Management GmbH now owns 1,469,161 shares of the restaurant operator’s stock valued at $30,779,000 after purchasing an additional 622,386 shares during the period. Finally, Sawgrass Asset Management LLC grew its holdings in Ruth's Hospitality Group by 48.6% during the fourth quarter. Sawgrass Asset Management LLC now owns 14,380 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 4,700 shares during the period. 82.05% of the stock is owned by institutional investors and hedge funds.

Shares of Ruth's Hospitality Group (NASDAQ:RUTH) traded down $0.10 during trading on Friday, hitting $24.05. The stock had a trading volume of 280,706 shares, compared to its average volume of 258,304. The stock has a market capitalization of $774.14, a P/E ratio of 25.05, a PEG ratio of 1.31 and a beta of 0.34. Ruth's Hospitality Group has a 12-month low of $17.95 and a 12-month high of $25.50. 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 (NASDAQ:RUTH) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm had revenue of $124.10 million during the quarter, compared to the consensus estimate of $123.44 million. Ruth's Hospitality Group had a return on equity of 40.01% and a net margin of 7.26%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. equities analysts expect that Ruth's Hospitality Group will post 1.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.83%. This is a positive change from Ruth's Hospitality Group’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, March 7th. Ruth's Hospitality Group’s dividend payout ratio is 45.83%.

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About Ruth's Hospitality Group

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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