Ruth’s Hospitality Group (NASDAQ:RUTH) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a hold rating to a sell rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Ruth’s Hospitality Group, Inc., headquartered in Winter Park, Florida, is the largest fine dining steakhouse company in the U.S. as measured by the total number of Company-owned and franchisee-owned restaurants, with over 150 Ruth’s Chris Steak House locations worldwide specializing in USDA Prime grade steaks served in Ruth’s Chris’ signature fashion – sizzling. “

Several other analysts have also weighed in on the company. Stephens started coverage on Ruth’s Hospitality Group in a report on Wednesday, April 17th. They issued an equal weight rating and a $28.00 price objective for the company. BidaskClub raised Yandex from a buy rating to a strong-buy rating in a report on Friday, June 14th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $30.00.

Ruth’s Hospitality Group stock traded up $0.01 during midday trading on Wednesday, hitting $22.09. The stock had a trading volume of 137,591 shares, compared to its average volume of 185,148. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.20 and a current ratio of 0.30. The company has a market capitalization of $673.30 million, a PE ratio of 15.89, a P/E/G ratio of 1.12 and a beta of 0.59. Ruth’s Hospitality Group has a 12 month low of $21.70 and a 12 month high of $33.95. The business’s fifty day moving average is $22.86.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $119.70 million during the quarter, compared to analyst estimates of $119.61 million. Ruth’s Hospitality Group had a return on equity of 45.79% and a net margin of 9.21%. Ruth’s Hospitality Group’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, equities research analysts forecast that Ruth’s Hospitality Group will post 1.43 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Mackay Shields LLC acquired a new position in Ruth’s Hospitality Group in the fourth quarter valued at approximately $532,000. Wedge Capital Management L L P NC boosted its position in shares of Ruth’s Hospitality Group by 21.8% during the first quarter. Wedge Capital Management L L P NC now owns 82,180 shares of the restaurant operator’s stock worth $2,103,000 after buying an additional 14,711 shares during the period. Geode Capital Management LLC boosted its position in shares of Ruth’s Hospitality Group by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 366,538 shares of the restaurant operator’s stock worth $8,331,000 after buying an additional 31,586 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Ruth’s Hospitality Group by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 504,533 shares of the restaurant operator’s stock worth $11,468,000 after buying an additional 7,674 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Ruth’s Hospitality Group by 42.8% during the fourth quarter. Two Sigma Advisers LP now owns 185,938 shares of the restaurant operator’s stock worth $4,226,000 after buying an additional 55,700 shares during the period. Institutional investors own 81.91% 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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