Ruth’s Hospitality Group Inc. (RUTH) Stock Rating Upgraded by Zacks Investment Research
According to Zacks, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter. “
Several other equities analysts also recently issued reports on the stock. Jefferies Group downgraded shares of Ruth’s Hospitality Group from a buy rating to a hold rating and set a $17.00 price target for the company. in a report on Tuesday, July 26th. Deutsche Bank AG reissued a buy rating on shares of Ruth’s Hospitality Group in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $18.00.
Shares of Ruth’s Hospitality Group (NASDAQ:RUTH) opened at 14.95 on Tuesday. Ruth’s Hospitality Group has a 52 week low of $14.81 and a 52 week high of $18.78. The company has a 50-day moving average of $15.18 and a 200-day moving average of $16.52. The firm has a market capitalization of $469.89 million, a PE ratio of 16.99 and a beta of 0.88.
Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, July 29th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. Ruth’s Hospitality Group had a return on equity of 31.58% and a net margin of 7.84%. The business earned $92.65 million during the quarter, compared to analyst estimates of $92.88 million. During the same period in the prior year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts forecast that Ruth’s Hospitality Group will post $0.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Tuesday, August 9th. Ruth’s Hospitality Group’s dividend payout ratio is currently 31.46%.
Large investors have recently modified their holdings of the stock. Mason Street Advisors LLC bought a new stake in shares of Ruth’s Hospitality Group during the second quarter worth $105,000. BNP Paribas Arbitrage SA boosted its stake in shares of Ruth’s Hospitality Group by 112.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,509 shares of the company’s stock worth $168,000 after buying an additional 5,567 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of Ruth’s Hospitality Group during the second quarter worth $168,000. Neuberger Berman Group LLC bought a new stake in shares of Ruth’s Hospitality Group during the second quarter worth $172,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Ruth’s Hospitality Group during the second quarter worth $174,000. Institutional investors and hedge funds own 85.90% of the company’s stock.
About Ruth’s Hospitality Group
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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