Zacks: Analysts Anticipate Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Will Post Earnings of $0.31 Per Share

Equities analysts expect Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) to post earnings per share (EPS) of $0.31 for the current quarter, according to Zacks. Three analysts have provided estimates for Ruth’s Hospitality Group’s earnings, with estimates ranging from $0.30 to $0.32. Ruth’s Hospitality Group reported earnings per share of $0.32 in the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The company is scheduled to issue its next earnings report on Friday, August 9th.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.39 to $1.46. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.50 per share, with EPS estimates ranging from $1.41 to $1.53. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $119.70 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.45 earnings per share.

RUTH has been the topic of several recent analyst reports. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday. BidaskClub raised Yandex from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 14th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Finally, Stephens initiated coverage on Ruth’s Hospitality Group in a research note on Wednesday, April 17th. They issued an “equal weight” rating and a $28.00 target price on the stock. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $30.00.

A number of institutional investors have recently bought and sold shares of RUTH. Texas Permanent School Fund raised its position in shares of Ruth’s Hospitality Group by 2.2% during the 1st quarter. Texas Permanent School Fund now owns 19,159 shares of the restaurant operator’s stock valued at $490,000 after buying an additional 409 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Ruth’s Hospitality Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 20,706 shares of the restaurant operator’s stock valued at $471,000 after purchasing an additional 455 shares in the last quarter. 6 Meridian boosted its stake in shares of Ruth’s Hospitality Group by 2.3% during the second quarter. 6 Meridian now owns 29,377 shares of the restaurant operator’s stock valued at $667,000 after purchasing an additional 648 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Ruth’s Hospitality Group by 6.2% during the first quarter. Alps Advisors Inc. now owns 15,808 shares of the restaurant operator’s stock valued at $405,000 after purchasing an additional 924 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Ruth’s Hospitality Group by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 40,710 shares of the restaurant operator’s stock valued at $1,042,000 after purchasing an additional 1,283 shares in the last quarter. 82.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ RUTH traded down $0.04 during trading hours on Wednesday, hitting $22.11. The company’s stock had a trading volume of 1,259 shares, compared to its average volume of 147,342. 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 stock has a market capitalization of $673.91 million, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.09 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 stock has a 50-day moving average price of $22.82.

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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