Ruth’s Hospitality Group (RUTH) Upgraded to Buy at BidaskClub

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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.

A number of other research firms also recently issued reports on RUTH. Raymond James downgraded shares of Ruth’s Hospitality Group from an outperform rating to a market perform rating in a report on Monday, August 13th. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a hold rating to a buy rating and set a $34.00 price target on the stock in a report on Wednesday, August 15th. Finally, Citigroup boosted their price target on shares of Ruth’s Hospitality Group from $25.00 to $31.00 and gave the stock a neutral rating in a report on Monday, June 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $30.67.

RUTH traded down $0.94 during mid-day trading on Thursday, reaching $28.88. 6,694 shares of the stock were exchanged, compared to its average volume of 227,619. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.37 and a quick ratio of 0.25. The company has a market capitalization of $927.63 million, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.53 and a beta of 0.36. Ruth’s Hospitality Group has a 1 year low of $19.45 and a 1 year high of $33.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, August 10th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $109.70 million for the quarter, compared to the consensus estimate of $111.72 million. Ruth’s Hospitality Group had a net margin of 7.92% and a return on equity of 45.99%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. As a group, equities analysts anticipate that Ruth’s Hospitality Group will post 1.39 EPS for the current year.

Several large investors have recently modified their holdings of the stock. HL Financial Services LLC boosted its holdings in shares of Ruth’s Hospitality Group by 15.0% in the 2nd quarter. HL Financial Services LLC now owns 13,812 shares of the restaurant operator’s stock worth $387,000 after buying an additional 1,797 shares during the last quarter. Victory Capital Management Inc. raised its stake in Ruth’s Hospitality Group by 2.5% in the 2nd quarter. Victory Capital Management Inc. now owns 90,643 shares of the restaurant operator’s stock valued at $2,542,000 after acquiring an additional 2,249 shares during the period. Legal & General Group Plc raised its stake in Ruth’s Hospitality Group by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 56,848 shares of the restaurant operator’s stock valued at $1,599,000 after acquiring an additional 2,304 shares during the period. Sawgrass Asset Management LLC raised its stake in Ruth’s Hospitality Group by 16.6% in the 2nd quarter. Sawgrass Asset Management LLC now owns 20,000 shares of the restaurant operator’s stock valued at $561,000 after acquiring an additional 2,840 shares during the period. Finally, Dupont Capital Management Corp raised its stake in Ruth’s Hospitality Group by 12.6% in the 2nd quarter. Dupont Capital Management Corp now owns 30,821 shares of the restaurant operator’s stock valued at $865,000 after acquiring an additional 3,441 shares during the period. 84.68% of the stock is currently owned by institutional investors.

Ruth’s Hospitality Group Company Profile

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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