Ruth’s Hospitality Group Inc. (RUTH) Announces Quarterly Dividend of $0.05
Ruth’s Hospitality Group (NASDAQ:RUTH) declared a quarterly dividend on Monday, August 4th, Analyst Ratings Network.com reports. Investors of record on Thursday, August 14th will be given a dividend of 0.05 per share on Thursday, August 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, August 12th.
A number of research firms have recently commented on RUTH. 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.
Shares of Ruth’s Hospitality Group (NASDAQ:RUTH) traded up 1.61% on Monday, hitting $10.74. The stock had a trading volume of 299,302 shares. Ruth’s Hospitality Group has a one year low of $10.49 and a one year high of $15.30. The stock’s 50-day moving average is $12.00 and its 200-day moving average is $12.31. The company has a market cap of $378.1 million and a price-to-earnings ratio of 15.99.
Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, August 1st. 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. Analysts expect that Ruth’s Hospitality Group will post $0.76 EPS 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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