Equities research analysts predict that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will report earnings per share (EPS) of $0.11 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ruth’s Hospitality Group’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.13. Ruth’s Hospitality Group posted earnings per share of $0.06 during the same quarter last year, which suggests a positive year-over-year growth rate of 83.3%. The business is scheduled to announce its next earnings report on Friday, November 2nd.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.42. For the next year, analysts expect that the business will report earnings of $1.47 per share, with EPS estimates ranging from $1.42 to $1.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its earnings results on Friday, August 10th. The restaurant operator reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The business had revenue of $109.70 million for the quarter, compared to the consensus estimate of $111.72 million. Ruth’s Hospitality Group had a net margin of 7.92% and a return on equity of 45.99%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS.

A number of brokerages have commented on RUTH. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Wednesday, August 15th. Raymond James downgraded shares of Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research note on Monday, August 13th. BidaskClub downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Citigroup upped their target price on shares of Ruth’s Hospitality Group from $25.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, June 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Ruth’s Hospitality Group currently has an average rating of “Hold” and a consensus price target of $30.67.

RUTH stock traded down $0.50 during mid-day trading on Friday, reaching $29.52. The company had a trading volume of 6,275 shares, compared to its average volume of 248,664. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.37 and a quick ratio of 0.25. The company has a market capitalization of $967.81 million, a P/E ratio of 26.89, a P/E/G ratio of 1.59 and a beta of 0.36. Ruth’s Hospitality Group has a 12 month low of $19.45 and a 12 month high of $33.95.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RUTH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ruth’s Hospitality Group by 126.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,439 shares of the restaurant operator’s stock valued at $181,000 after purchasing an additional 3,600 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Ruth’s Hospitality Group in the second quarter valued at approximately $188,000. Leonard Rickey Investment Advisors P.L.L.C. acquired a new stake in Ruth’s Hospitality Group in the second quarter valued at approximately $209,000. SG Americas Securities LLC acquired a new stake in Ruth’s Hospitality Group in the second quarter valued at approximately $247,000. Finally, GSA Capital Partners LLP acquired a new stake in Ruth’s Hospitality Group in the second quarter valued at approximately $270,000. Hedge funds and other institutional investors own 84.74% 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. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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Earnings History and Estimates for Ruth`s Hospitality Group (NASDAQ:RUTH)

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