Zacks Investment Research upgraded shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter. “

Several other analysts have also issued reports on the stock. Raymond James Financial, Inc. restated a market perform rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Deutsche Bank AG restated a buy rating and set a $24.00 target price (up from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Jefferies Group LLC restated a hold rating and set a $20.00 target price on shares of Ruth’s Hospitality Group in a research report on Thursday, August 31st. Finally, BidaskClub lowered shares of Ruth’s Hospitality Group from a buy rating to a hold rating in a research report on Thursday, July 6th. One 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. The company has a consensus rating of Hold and an average target price of $20.75.

Ruth’s Hospitality Group (RUTH) opened at 21.40 on Tuesday. The company has a market capitalization of $650.71 million, a P/E ratio of 21.15 and a beta of 0.33. Ruth’s Hospitality Group has a 52-week low of $13.93 and a 52-week high of $22.65. The stock’s 50 day moving average is $20.04 and its 200-day moving average is $20.61.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $100.00 million during the quarter, compared to analyst estimates of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. Analysts predict that Ruth’s Hospitality Group will post $1.08 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/ruths-hospitality-group-inc-ruth-stock-rating-upgraded-by-zacks-investment-research/1614695.html.

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its position in shares of 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 worth $126,000 after purchasing an additional 2,536 shares during the period. Mason Street Advisors LLC boosted its position in shares of 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 worth $139,000 after purchasing an additional 455 shares during the period. Advisor Group Inc. bought a new position in shares of Ruth’s Hospitality Group in the second quarter worth approximately $150,000. BNP Paribas Arbitrage SA boosted its position in shares of 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 worth $158,000 after purchasing an additional 689 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Ruth’s Hospitality Group in the first quarter worth approximately $184,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

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.

Get a free copy of the Zacks research report on Ruth’s Hospitality Group (RUTH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ruth's Hospitality Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruth's Hospitality Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.