Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) have been given an average rating of “Hold” by the seven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $26.00.
Several equities research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Ruth’s Hospitality Group from $25.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, June 25th. BidaskClub cut shares of Ruth’s Hospitality Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th.
Shares of Ruth’s Hospitality Group traded up $4.35, reaching $33.15, during midday trading on Tuesday, MarketBeat reports. 1,052,969 shares of the company’s stock were exchanged, compared to its average volume of 194,667. The company has a market capitalization of $891.05 million, a price-to-earnings ratio of 30.14, a PEG ratio of 1.48 and a beta of 0.35. Ruth’s Hospitality Group has a 12 month low of $17.95 and a 12 month high of $33.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.35.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, August 10th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $109.70 million during the quarter, compared to analysts’ expectations of $111.72 million. Ruth’s Hospitality Group had a net margin of 7.69% and a return on equity of 44.01%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. sell-side analysts forecast that Ruth’s Hospitality Group will post 1.36 EPS for the current year.
Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ruth’s Hospitality Group by 126.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,439 shares of the restaurant operator’s stock worth $181,000 after acquiring an additional 3,600 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Ruth’s Hospitality Group during the second quarter worth $188,000. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in Ruth’s Hospitality Group during the second quarter worth $209,000. Advisors Preferred LLC acquired a new position in Ruth’s Hospitality Group during the first quarter worth $214,000. Finally, SG Americas Securities LLC acquired a new position in Ruth’s Hospitality Group during the second quarter worth $247,000. Institutional investors own 83.27% of the company’s stock.
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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