Ruth’s Hospitality Group (NASDAQ:RUTH) Rating Increased to Sell at BidaskClub

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BidaskClub upgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a strong sell rating to a sell rating in a report published on Friday, BidAskClub reports.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a buy rating to a hold rating in a report on Friday, August 9th. ValuEngine downgraded shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has an average rating of Hold and a consensus price target of $28.00.

Shares of RUTH stock opened at $20.13 on Friday. Ruth’s Hospitality Group has a 12-month low of $18.88 and a 12-month high of $31.67. The firm has a market cap of $608.60 million, a P/E ratio of 14.48, a PEG ratio of 1.01 and a beta of 0.63. The company has a quick ratio of 0.25, a current ratio of 0.34 and a debt-to-equity ratio of 2.57. The company has a 50 day moving average of $20.31 and a 200-day moving average of $23.33.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, August 2nd. The restaurant operator reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. The firm had revenue of $110.24 million during the quarter, compared to the consensus estimate of $112.41 million. As a group, equities analysts expect that Ruth’s Hospitality Group will post 1.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, August 21st. Ruth’s Hospitality Group’s payout ratio is currently 37.41%.

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of Ruth’s Hospitality Group by 4.6% in the second quarter. Royal Bank of Canada now owns 183,615 shares of the restaurant operator’s stock worth $4,170,000 after buying an additional 8,132 shares in the last quarter. Nuveen Asset Management LLC bought a new position in Ruth’s Hospitality Group during the second quarter valued at approximately $8,513,000. Victory Capital Management Inc. increased its holdings in Ruth’s Hospitality Group by 9.8% during the second quarter. Victory Capital Management Inc. now owns 122,222 shares of the restaurant operator’s stock valued at $2,776,000 after buying an additional 10,951 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Ruth’s Hospitality Group by 46.4% during the second quarter. Cubist Systematic Strategies LLC now owns 11,853 shares of the restaurant operator’s stock valued at $269,000 after buying an additional 3,754 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Ruth’s Hospitality Group during the second quarter valued at approximately $2,551,000. 82.94% of the stock is currently owned by institutional investors and hedge funds.

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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