Ruth’s Hospitality Group Reaches New 52-Week Low After Earnings Miss (RUTH)
Ruth’s Hospitality Group (NASDAQ:RUTH) shares hit a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings, StockRatingsNetwork reports. The stock traded as low as $10.49 and last traded at $10.56, with a volume of 191,496 shares trading hands. The stock had previously closed at $11.35.
The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.01. The company had revenue of $102.99 million for the quarter, compared to the consensus estimate of $104.74 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Ruth’s Hospitality Group from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $13.50 price target on the stock.
The stock’s 50-day moving average is $12.05 and its 200-day moving average is $12.33. The company has a market cap of $370.3 million and a price-to-earnings ratio of 17.17.
Operates and franchises fine dining steak restaurants throughout the country. The Company’s restaurant originally started in Louisiana.
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