Ruth’s Hospitality Group Shares Up 11.4% Following Earnings Beat (RUTH)
Ruth’s Hospitality Group (NASDAQ:RUTH) shot up 11.4% during mid-day trading on Friday following a stronger than expected earnings report, AnalystRatingsNetwork reports. The company traded as high as $14.39 and last traded at $13.73, with a volume of 904,738 shares. The stock had previously closed at $12.32.
The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.03. The company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $109.71 million. During the same quarter in the prior year, the company posted $0.18 earnings per share.
The stock has a 50-day moving average of $12.87 and a 200-day moving average of $12.78. The company has a market cap of $475.0 million and a P/E ratio of 19.71.
Operates and franchises fine dining steak restaurants throughout the country. The Company’s restaurant originally started in Louisiana.
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