Ruth's Hospitality Group, Inc. (RUTH) Given Average Rating of “Buy” by Brokerages

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) has earned an average recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.00.

Several analysts have issued reports on the company. BidaskClub upgraded Ruth's Hospitality Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 4th. Citigroup upped their price objective on Ruth's Hospitality Group from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Zacks Investment Research upgraded Ruth's Hospitality Group from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Thursday, March 8th. Deutsche Bank cut Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, Raymond James Financial upgraded Ruth's Hospitality Group from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Monday, January 29th.

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RUTH traded up $0.05 on Wednesday, reaching $25.25. The company’s stock had a trading volume of 134,051 shares, compared to its average volume of 271,175. The company has a market capitalization of $779.67, a P/E ratio of 22.91, a P/E/G ratio of 1.31 and a beta of 0.33. Ruth's Hospitality Group has a 1 year low of $17.95 and a 1 year high of $25.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.32 and a current ratio of 0.42.

Ruth's Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm 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 40.65% and a net margin of 7.26%. Ruth's Hospitality Group’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. equities research analysts forecast that Ruth's Hospitality Group will post 1.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $0.44 annualized dividend and a yield of 1.74%. This is a boost from Ruth's Hospitality Group’s previous quarterly dividend of $0.09. Ruth's Hospitality Group’s dividend payout ratio is presently 40.00%.

In other Ruth's Hospitality Group news, SVP Susan Mirdamadi sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $24.80, for a total transaction of $198,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in RUTH. LS Investment Advisors LLC raised its position in shares of Ruth's Hospitality Group by 409.3% during 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. acquired a new stake in shares of Ruth's Hospitality Group during the 3rd quarter worth approximately $166,000. Jefferies Group LLC acquired a new stake in shares of Ruth's Hospitality Group during the 4th quarter worth approximately $208,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Ruth's Hospitality Group during the 3rd quarter worth approximately $201,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Ruth's Hospitality Group during the 4th quarter worth approximately $215,000. Hedge funds and other institutional investors own 82.95% of the company’s stock.

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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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