Analysts Expect Ruth’s Hospitality Group, Inc. (RUTH) Will Post Quarterly Sales of $111.72 Million

Equities analysts predict that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will report sales of $111.72 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ruth’s Hospitality Group’s earnings, with the lowest sales estimate coming in at $109.60 million and the highest estimate coming in at $113.25 million. Ruth’s Hospitality Group reported sales of $100.02 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.7%. The firm is expected to announce its next quarterly earnings results on Friday, July 27th.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full year sales of $455.00 million for the current fiscal year, with estimates ranging from $448.30 million to $460.27 million. For the next financial year, analysts anticipate that the firm will report sales of $478.76 million per share, with estimates ranging from $474.80 million to $481.64 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, May 4th. The restaurant operator reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $115.84 million. Ruth’s Hospitality Group had a net margin of 7.69% and a return on equity of 44.01%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS.

A number of equities research analysts have recently weighed in on RUTH shares. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. ValuEngine upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Deutsche Bank lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. BidaskClub upgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 4th. Finally, Citigroup boosted their price objective on shares of Ruth’s Hospitality Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.80.

In related news, SVP Susan Mirdamadi sold 8,000 shares of Ruth’s Hospitality Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $24.80, for a total value of $198,400.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 7.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group increased its stake in shares of Ruth’s Hospitality Group by 6.7% in the first quarter. Schroder Investment Management Group now owns 41,337 shares of the restaurant operator’s stock worth $1,011,000 after buying an additional 2,612 shares during the period. First Trust Advisors LP increased its stake in shares of Ruth’s Hospitality Group by 11.9% in the fourth quarter. First Trust Advisors LP now owns 26,038 shares of the restaurant operator’s stock worth $564,000 after buying an additional 2,760 shares during the period. Geode Capital Management LLC increased its stake in shares of Ruth’s Hospitality Group by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 285,725 shares of the restaurant operator’s stock worth $6,185,000 after buying an additional 3,090 shares during the period. ClariVest Asset Management LLC increased its stake in shares of Ruth’s Hospitality Group by 2.0% in the first quarter. ClariVest Asset Management LLC now owns 188,036 shares of the restaurant operator’s stock worth $4,597,000 after buying an additional 3,681 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Ruth’s Hospitality Group by 34.1% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 14,980 shares of the restaurant operator’s stock worth $324,000 after buying an additional 3,810 shares during the period. 82.21% of the stock is currently owned by institutional investors.

Shares of RUTH opened at $26.40 on Thursday. The company has a market capitalization of $827.63 million, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.38 and a beta of 0.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.35 and a quick ratio of 0.24. Ruth’s Hospitality Group has a fifty-two week low of $17.95 and a fifty-two week high of $28.75.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 24th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, May 23rd. Ruth’s Hospitality Group’s payout ratio is 40.00%.

Ruth’s Hospitality Group Company Profile

Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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Earnings History and Estimates for Ruth`s Hospitality Group (NASDAQ:RUTH)

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