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Ruth’s Hospitality Group (NASDAQ:RUTH) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, reports. The firm currently has a $13.50 price target on the stock. Raymond James’ price objective would suggest a potential upside of 5.97% from the stock’s previous close.

Ruth’s Hospitality Group (NASDAQ:RUTH) traded up 4.00% during mid-day trading on Tuesday, hitting $12.74. The stock had a trading volume of 476,780 shares. Ruth’s Hospitality Group has a 52-week low of $9.64 and a 52-week high of $15.30. The stock’s 50-day moving average is $12.21 and its 200-day moving average is $12.85. The company has a market cap of $450.6 million and a price-to-earnings ratio of 19.32.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.18 earnings per share. On average, analysts predict that Ruth’s Hospitality Group will post $0.74 earnings per share for the current fiscal year.

Operates and franchises fine dining steak restaurants throughout the country. The Company’s restaurant originally started in Louisiana.

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