Wall Street analysts expect that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will post sales of $119.89 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ruth’s Hospitality Group’s earnings, with estimates ranging from $117.68 million to $122.60 million. Ruth’s Hospitality Group reported sales of $116.53 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The business is expected to issue its next earnings results on Friday, May 3rd.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full year sales of $469.45 million for the current financial year, with estimates ranging from $466.23 million to $473.21 million. For the next financial year, analysts expect that the company will report sales of $495.44 million, with estimates ranging from $495.30 million to $495.57 million. Zacks’ sales 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 issued its quarterly earnings data on Friday, February 22nd. The restaurant operator reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Ruth’s Hospitality Group had a return on equity of 47.40% and a net margin of 9.21%. The company had revenue of $127.16 million during the quarter, compared to analyst estimates of $126.83 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Ruth’s Hospitality Group’s revenue was up 2.5% on a year-over-year basis.

Several brokerages have recently commented on RUTH. BidaskClub lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Citigroup set a $28.00 price objective on Ruth’s Hospitality Group and gave the stock a “hold” rating in a report on Friday, March 8th. Finally, Zacks Investment Research lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

Shares of NASDAQ RUTH traded up $0.08 during midday trading on Friday, hitting $25.26. 130,470 shares of the company’s stock were exchanged, compared to its average volume of 188,211. Ruth’s Hospitality Group has a 12-month low of $21.70 and a 12-month high of $33.95. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $764.60 million, a price-to-earnings ratio of 18.17, a PEG ratio of 1.22 and a beta of 0.54.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.52 annualized dividend and a yield of 2.06%. This is a positive change from Ruth’s Hospitality Group’s previous quarterly dividend of $0.11. Ruth’s Hospitality Group’s dividend payout ratio is currently 37.41%.

A number of institutional investors and hedge funds have recently modified their holdings of RUTH. First Hawaiian Bank purchased a new stake in Ruth’s Hospitality Group in the first quarter worth approximately $38,000. Quantamental Technologies LLC purchased a new stake in shares of Ruth’s Hospitality Group during the fourth quarter valued at approximately $84,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Ruth’s Hospitality Group during the fourth quarter valued at approximately $185,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Ruth’s Hospitality Group during the third quarter valued at approximately $215,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Ruth’s Hospitality Group by 349.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,326 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 8,027 shares during the period. 84.71% of the stock is owned by institutional investors and hedge funds.

About Ruth’s Hospitality Group

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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