$0.45 Earnings Per Share Expected for Ruth’s Hospitality Group, Inc. (RUTH) This Quarter

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Wall Street brokerages expect Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) to post earnings of $0.45 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ruth’s Hospitality Group’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.43. Ruth’s Hospitality Group also reported earnings per share of $0.45 during the same quarter last year. The firm is scheduled to report its next earnings report on Friday, May 3rd.

On average, analysts expect that Ruth’s Hospitality Group will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.48. For the next financial year, analysts forecast that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.48 to $1.54. Zacks’ EPS calculations are an average based on a survey of analysts that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, February 22nd. The restaurant operator reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Ruth’s Hospitality Group had a return on equity of 47.40% and a net margin of 9.21%. The company had revenue of $127.16 million for the quarter, compared to analysts’ expectations of $126.83 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Stephens assumed coverage on Ruth’s Hospitality Group in a research note on Wednesday. They set an “equal weight” rating on the stock. Zacks Investment Research cut Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. BidaskClub raised Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Finally, Citigroup set a $28.00 target price on Ruth’s Hospitality Group and gave the company a “hold” rating in a research note on Friday, March 8th. Six equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $31.00.

NASDAQ RUTH traded up $0.06 during trading hours on Wednesday, hitting $25.21. 153,464 shares of the company were exchanged, compared to its average volume of 187,405. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.28. Ruth’s Hospitality Group has a 52 week low of $21.70 and a 52 week high of $33.95. The stock has a market capitalization of $769.09 million, a P/E ratio of 18.14, a PEG ratio of 1.23 and a beta of 0.54.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $0.13 per share. This is a boost from Ruth’s Hospitality Group’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, March 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.06%. Ruth’s Hospitality Group’s dividend payout ratio is currently 37.41%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RUTH. First Hawaiian Bank bought a new position in shares of Ruth’s Hospitality Group during the first quarter valued at approximately $38,000. Meeder Asset Management Inc. bought a new position in shares of Ruth’s Hospitality Group during the first quarter valued at approximately $57,000. Quantamental Technologies LLC bought a new position in shares of Ruth’s Hospitality Group during the fourth quarter valued at approximately $84,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Ruth’s Hospitality Group during the fourth quarter valued at approximately $185,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Ruth’s Hospitality Group during the third quarter valued at approximately $215,000. 84.43% of the stock is currently 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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