Equities analysts expect Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) to post $0.10 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ruth’s Hospitality Group’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.11. Ruth’s Hospitality Group also posted earnings of $0.10 per share in the same quarter last year. The business is expected to announce its next quarterly earnings results on Friday, October 27th.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full-year earnings of $1.08 per share for the current year, with EPS estimates ranging from $1.06 to $1.09. For the next year, analysts expect that the firm will post earnings of $1.12 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $100 million during the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share.

Several equities research analysts recently weighed in on RUTH shares. Citigroup Inc reissued a “neutral” rating and set a $22.00 price objective (up previously from $20.00) on shares of Ruth’s Hospitality Group in a report on Monday, May 15th. BidaskClub downgraded Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC reissued a “hold” rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a report on Sunday, July 30th. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $24.00 target price (up from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.60.

In other news, CEO Michael P. Odonnell sold 81,800 shares of Ruth’s Hospitality Group stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total value of $1,721,890.00. Following the completion of the transaction, the chief executive officer now directly owns 1,194,524 shares of the company’s stock, valued at approximately $25,144,730.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.74% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of RUTH. State of Alaska Department of Revenue increased its stake in shares of Ruth’s Hospitality Group by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 5,826 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 2,536 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Ruth’s Hospitality Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock valued at $139,000 after buying an additional 455 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Ruth’s Hospitality Group by 9.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the restaurant operator’s stock valued at $158,000 after buying an additional 689 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Ruth’s Hospitality Group during the first quarter valued at approximately $184,000. Finally, HL Financial Services LLC purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at approximately $206,000. 84.24% of the stock is owned by hedge funds and other institutional investors.

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Shares of Ruth’s Hospitality Group (NASDAQ RUTH) opened at 19.60 on Friday. The stock’s 50 day moving average price is $20.89 and its 200-day moving average price is $19.93. Ruth’s Hospitality Group has a 52-week low of $13.74 and a 52-week high of $22.65. The company has a market cap of $595.98 million, a P/E ratio of 19.37 and a beta of 0.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 35.64%.

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. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

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