Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 898,400 shares, a drop of 8.3% from the December 31st total of 979,700 shares. Based on an average trading volume of 231,900 shares, the days-to-cover ratio is presently 3.9 days. Approximately 3.3% of the shares of the company are short sold.

NASDAQ:RUTH traded up $0.81 during mid-day trading on Thursday, reaching $20.11. 17,513 shares of the company’s stock were exchanged, compared to its average volume of 230,451. Ruth’s Hospitality Group has a one year low of $18.60 and a one year high of $27.14. The firm has a market capitalization of $577.04 million, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.63. The business’s fifty day simple moving average is $21.72 and its two-hundred day simple moving average is $21.36. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.26 and a current ratio of 0.36.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings results on Friday, November 1st. The restaurant operator reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. Ruth’s Hospitality Group had a net margin of 9.26% and a return on equity of 45.15%. The business had revenue of $103.01 million for the quarter, compared to analyst estimates of $102.19 million. During the same period last year, the firm earned $0.13 earnings per share. Ruth’s Hospitality Group’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Ruth’s Hospitality Group will post 1.41 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in RUTH. BlackRock Inc. increased its position in Ruth’s Hospitality Group by 2.0% during the second quarter. BlackRock Inc. now owns 4,579,391 shares of the restaurant operator’s stock worth $103,998,000 after acquiring an additional 89,591 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Ruth’s Hospitality Group in the 2nd quarter worth about $42,000. Bank of America Corp DE boosted its holdings in shares of Ruth’s Hospitality Group by 1.4% in the 2nd quarter. Bank of America Corp DE now owns 485,463 shares of the restaurant operator’s stock worth $11,025,000 after buying an additional 6,564 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Ruth’s Hospitality Group by 0.4% in the 2nd quarter. Morgan Stanley now owns 141,145 shares of the restaurant operator’s stock worth $3,206,000 after buying an additional 512 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Ruth’s Hospitality Group by 46.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,853 shares of the restaurant operator’s stock worth $269,000 after buying an additional 3,754 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Stephens set a $24.00 price target on shares of Ruth’s Hospitality Group and gave the company a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Raymond James upgraded shares of Ruth’s Hospitality Group from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Thursday. ValuEngine upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub cut shares of Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Ruth’s Hospitality Group presently has a consensus rating of “Hold” and an average target price of $25.00.

Ruth’s Hospitality Group Company Profile

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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