Raymond James Financial, Inc. reaffirmed their market perform rating on shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) in a report issued on Tuesday.

Several other equities analysts also recently weighed in on RUTH. Zacks Investment Research raised Ruth’s Hospitality Group from a hold rating to a buy rating and set a $22.00 price objective for the company in a research note on Tuesday, April 18th. Jefferies Group LLC reaffirmed a hold rating on shares of Ruth’s Hospitality Group in a research note on Friday, May 5th. Citigroup Inc. reaffirmed a neutral rating and issued a $22.00 price objective (up from $20.00) on shares of Ruth’s Hospitality Group in a research note on Monday, May 15th. BidaskClub downgraded Ruth’s Hospitality Group from a buy rating to a hold rating in a research note on Thursday, July 6th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $24.00 price objective (up from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $21.60.

Shares of Ruth’s Hospitality Group (NASDAQ RUTH) traded down 3.35% during mid-day trading on Tuesday, hitting $20.20. The company had a trading volume of 205,025 shares. The firm has a market capitalization of $619.98 million, a P/E ratio of 20.87 and a beta of 0.31. Ruth’s Hospitality Group has a 12 month low of $13.74 and a 12 month high of $22.65. The firm has a 50-day moving average price of $21.49 and a 200 day moving average price of $19.80.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Ruth’s Hospitality Group had a return on equity of 37.75% and a net margin of 7.89%. The firm had revenue of $100 million during the quarter, compared to the consensus estimate of $99.34 million. During the same period last year, the business posted $0.22 EPS. Ruth’s Hospitality Group’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Ruth’s Hospitality Group will post $1.07 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, August 8th. Ruth’s Hospitality Group’s payout ratio is 37.11%.

In other Ruth’s Hospitality Group news, CEO Michael P. Odonnell sold 81,800 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total transaction of $1,721,890.00. Following the completion of the transaction, the chief executive officer now owns 1,194,524 shares of the company’s stock, valued at $25,144,730.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Cheryl Janet Henry sold 21,077 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $21.08, for a total value of $444,303.16. Following the transaction, the chief operating officer now directly owns 381,617 shares of the company’s stock, valued at approximately $8,044,486.36. The disclosure for this sale can be found here. Insiders have sold 108,877 shares of company stock valued at $2,293,273 in the last three months. 6.74% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in RUTH. State of Alaska Department of Revenue increased its position in 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 during the last quarter. Mason Street Advisors LLC increased its position in 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 during the last quarter. BNP Paribas Arbitrage SA increased its position in 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 during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Ruth’s Hospitality Group during the first quarter valued at $184,000. Finally, Russell Investments Group Ltd. bought a new position in Ruth’s Hospitality Group during the fourth quarter valued at $207,000. 84.75% of the stock is owned by institutional investors.

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. 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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