Wall Street analysts expect Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) to announce $0.40 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ruth's Hospitality Group’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.43. Ruth's Hospitality Group posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is expected to issue its next earnings results on Friday, May 4th.
On average, analysts expect that Ruth's Hospitality Group will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.07 to $1.40. For the next financial year, analysts anticipate that the company will post earnings of $1.39 per share, with EPS estimates ranging from $1.23 to $1.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Ruth's Hospitality Group.
Ruth's Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. The company had revenue of $124.10 million during the quarter, compared to the consensus estimate of $123.44 million. Ruth's Hospitality Group had a return on equity of 40.01% and a net margin of 7.26%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS.
In other Ruth's Hospitality Group news, COO Cheryl Janet Henry sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $21.47, for a total value of $386,460.00. Following the completion of the transaction, the chief operating officer now directly owns 343,617 shares in the company, valued at approximately $7,377,456.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.45% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. LS Investment Advisors LLC boosted its stake in Ruth's Hospitality Group by 409.3% in the 4th quarter. LS Investment Advisors LLC now owns 6,102 shares of the restaurant operator’s stock worth $132,000 after purchasing an additional 4,904 shares during the period. Macquarie Group Ltd. bought a new position in Ruth's Hospitality Group in the 3rd quarter worth approximately $166,000. Cubist Systematic Strategies LLC bought a new position in Ruth's Hospitality Group in the 3rd quarter worth approximately $201,000. Jefferies Group LLC bought a new position in Ruth's Hospitality Group in the 4th quarter worth approximately $208,000. Finally, Teacher Retirement System of Texas bought a new position in Ruth's Hospitality Group in the 4th quarter worth approximately $215,000. Institutional investors and hedge funds own 80.26% of the company’s stock.
Shares of Ruth's Hospitality Group (RUTH) traded down $0.20 during trading hours on Friday, hitting $24.75. The company had a trading volume of 302,400 shares, compared to its average volume of 248,848. The company has a market cap of $780.39, a P/E ratio of 22.68, a PEG ratio of 1.42 and a beta of 0.38. The company has a current ratio of 0.41, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. Ruth's Hospitality Group has a 52 week low of $16.70 and a 52 week high of $25.50.
Ruth's Hospitality Group declared that its board has authorized a stock buyback program on Friday, November 3rd that allows the company to repurchase $60.00 million in shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.78%. This is an increase from Ruth's Hospitality Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, March 7th. Ruth's Hospitality Group’s dividend payout ratio is presently 37.50%.
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Ruth's Hospitality Group Company Profile
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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