BidaskClub upgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a hold rating to a buy rating in a research report released on Thursday morning.

RUTH has been the subject of a number of other research reports. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a buy rating to a hold rating in a research note on Thursday, October 11th. ValuEngine cut shares of Ruth’s Hospitality Group from a buy rating to a hold rating in a research note on Monday, November 26th. Finally, Citigroup cut their target price on shares of Ruth’s Hospitality Group from $33.00 to $30.00 and set a hold rating for the company in a research note on Monday, November 12th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ruth’s Hospitality Group currently has an average rating of Hold and an average price target of $30.33.

Shares of RUTH stock traded down $0.09 on Thursday, reaching $24.00. 243,100 shares of the company were exchanged, compared to its average volume of 228,688. The stock has a market capitalization of $742.81 million, a P/E ratio of 21.82, a P/E/G ratio of 1.15 and a beta of 0.55. The company has a quick ratio of 0.27, a current ratio of 0.39 and a debt-to-equity ratio of 0.60. Ruth’s Hospitality Group has a 1 year low of $21.55 and a 1 year high of $33.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, November 2nd. The restaurant operator reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $99.02 million during the quarter, compared to analysts’ expectations of $95.85 million. Ruth’s Hospitality Group had a net margin of 8.10% and a return on equity of 47.19%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, analysts expect that Ruth’s Hospitality Group will post 1.38 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC purchased a new stake in Ruth’s Hospitality Group during the 3rd quarter valued at about $101,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Ruth’s Hospitality Group during the 3rd quarter valued at about $215,000. Paloma Partners Management Co purchased a new stake in Ruth’s Hospitality Group during the 3rd quarter valued at about $239,000. SG Americas Securities LLC purchased a new stake in Ruth’s Hospitality Group during the 2nd quarter valued at about $247,000. Finally, GSA Capital Partners LLP purchased a new stake in Ruth’s Hospitality Group during the 2nd quarter valued at about $270,000. 83.86% of the stock is owned by 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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