Piper Sandler Research Analysts Lower Earnings Estimates for Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)


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Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) – Analysts at Piper Sandler cut their Q1 2021 earnings per share (EPS) estimates for Ruth’s Hospitality Group in a research note issued on Monday, January 11th. Piper Sandler analyst N. Regan now forecasts that the restaurant operator will earn $0.00 per share for the quarter, down from their previous forecast of $0.05. Piper Sandler also issued estimates for Ruth’s Hospitality Group’s Q4 2021 earnings at $0.24 EPS, Q1 2022 earnings at $0.20 EPS and Q2 2022 earnings at $0.12 EPS.

RUTH has been the topic of several other reports. Stephens upped their target price on shares of Ruth’s Hospitality Group from $13.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, January 7th. Raymond James upped their price target on shares of Ruth’s Hospitality Group from $16.00 to $20.00 and gave the company a “strong-buy” rating in a report on Wednesday, December 2nd. BidaskClub upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 22nd. Finally, Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, January 7th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $15.05.

Shares of NASDAQ RUTH opened at $17.49 on Wednesday. The firm’s 50-day moving average price is $16.86 and its 200-day moving average price is $11.86. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $610.40 million, a price-to-earnings ratio of -291.50 and a beta of 2.03. Ruth’s Hospitality Group has a 12-month low of $2.32 and a 12-month high of $24.42.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, October 30th. The restaurant operator reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.15. The firm had revenue of $63.42 million for the quarter, compared to analysts’ expectations of $54.23 million. Ruth’s Hospitality Group had a negative net margin of 0.65% and a positive return on equity of 8.41%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of Ruth’s Hospitality Group during the third quarter valued at approximately $25,000. Public Employees Retirement System of Ohio boosted its stake in shares of Ruth’s Hospitality Group by 60.5% during the third quarter. Public Employees Retirement System of Ohio now owns 2,285 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 861 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Ruth’s Hospitality Group during the second quarter valued at approximately $31,000. BNP Paribas Arbitrage SA boosted its stake in shares of Ruth’s Hospitality Group by 356.6% during the third quarter. BNP Paribas Arbitrage SA now owns 8,337 shares of the restaurant operator’s stock valued at $92,000 after purchasing an additional 6,511 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Ruth’s Hospitality Group during the third quarter valued at approximately $130,000. Hedge funds and other institutional investors own 63.40% of the company’s stock.

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. The company's restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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