Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) had its price objective lifted by equities research analysts at Citigroup Inc to $20.00 in a report released on Monday. Citigroup Inc’s price objective would suggest a potential upside of 1.01% from the stock’s current price.

Several other equities research analysts have also recently issued reports on RUTH. Jefferies Group LLC raised their price objective on shares of Ruth's Hospitality Group from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, February 21st. Zacks Investment Research upgraded shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd.

Shares of Ruth's Hospitality Group (NASDAQ:RUTH) opened at 19.80 on Monday. The stock has a market cap of $604.93 million, a PE ratio of 20.82 and a beta of 0.52. The stock has a 50 day moving average of $17.68 and a 200 day moving average of $16.66. Ruth's Hospitality Group has a 12 month low of $13.74 and a 12 month high of $20.00.

Ruth's Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, February 17th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Ruth's Hospitality Group had a net margin of 8.03% and a return on equity of 34.67%. The firm earned $107.60 million during the quarter, compared to analysts’ expectations of $108.54 million. During the same period last year, the business earned $0.26 earnings per share. Ruth's Hospitality Group’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Ruth's Hospitality Group will post $1.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 9th. Investors of record on Thursday, February 23rd were given a dividend of $0.09 per share. This is a boost from Ruth's Hospitality Group’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 21st. Ruth's Hospitality Group’s dividend payout ratio (DPR) is presently 30.11%.

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A number of large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan boosted its stake in Ruth's Hospitality Group by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,490 shares of the company’s stock valued at $106,000 after buying an additional 120 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ruth's Hospitality Group during the third quarter worth $128,000. Russell Investments Group Ltd. bought a new stake in shares of Ruth's Hospitality Group during the fourth quarter worth $207,000. Airain ltd bought a new stake in shares of Ruth's Hospitality Group during the third quarter worth $166,000. Finally, Aperio Group LLC boosted its stake in shares of Ruth's Hospitality Group by 6.4% in the third quarter. Aperio Group LLC now owns 12,153 shares of the company’s stock worth $172,000 after buying an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 78.57% of the company’s stock.

Ruth's Hospitality Group Company Profile

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: the Company-owned steakhouse restaurant segment and the franchise operations segment. The Company’s Ruth’s Chris restaurants cater to special occasion diners and frequent customers, in addition to the business clientele.

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