Zacks Investment Research downgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a hold rating to a sell rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “Ruth’s Hospitality Group, Inc., headquartered in Winter Park, Florida, is the largest fine dining steakhouse company in the U.S. as measured by the total number of Company-owned and franchisee-owned restaurants, with over 150 Ruth’s Chris Steak House locations worldwide specializing in USDA Prime grade steaks served in Ruth’s Chris’ signature fashion – sizzling. “

A number of other brokerages also recently weighed in on RUTH. BidaskClub upgraded shares of Yandex from a buy rating to a strong-buy rating in a report on Friday, June 14th. Stephens started coverage on shares of Ruth’s Hospitality Group in a report on Wednesday, April 17th. They set an equal weight rating and a $28.00 target price on the stock. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of Hold and a consensus target price of $30.00.

NASDAQ RUTH opened at $22.11 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 2.20. Ruth’s Hospitality Group has a 12-month low of $21.70 and a 12-month high of $33.95. The firm has a market capitalization of $673.91 million, a P/E ratio of 15.79, a PEG ratio of 1.09 and a beta of 0.59. The firm has a 50 day simple moving average of $22.82.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. The company had revenue of $119.70 million for the quarter, compared to the consensus estimate of $119.61 million. Ruth’s Hospitality Group had a net margin of 9.21% and a return on equity of 45.79%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. On average, sell-side analysts predict that Ruth’s Hospitality Group will post 1.43 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Ruth’s Hospitality Group by 2.4% during the fourth quarter. BlackRock Inc. now owns 4,549,035 shares of the restaurant operator’s stock worth $103,401,000 after purchasing an additional 104,480 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Ruth’s Hospitality Group by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 504,533 shares of the restaurant operator’s stock valued at $11,468,000 after acquiring an additional 7,674 shares during the period. Bank of America Corp DE boosted its position in shares of Ruth’s Hospitality Group by 2.9% in the fourth quarter. Bank of America Corp DE now owns 475,398 shares of the restaurant operator’s stock valued at $10,805,000 after acquiring an additional 13,500 shares during the period. TD Asset Management Inc. boosted its position in shares of Ruth’s Hospitality Group by 9.1% in the first quarter. TD Asset Management Inc. now owns 442,100 shares of the restaurant operator’s stock valued at $11,313,000 after acquiring an additional 37,000 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Ruth’s Hospitality Group by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 366,538 shares of the restaurant operator’s stock valued at $8,331,000 after acquiring an additional 31,586 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.

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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