Ruth’s Hospitality Group’s “Hold” Rating Reaffirmed at Deutsche Bank (RUTH)
Ruth’s Hospitality Group (NASDAQ:RUTH)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a $11.50 price target on the stock, down from their previous price target of $13.00. Deutsche Bank’s target price would indicate a potential upside of 7.08% from the company’s current price.
A number of other analysts have also recently weighed in 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 down 2.70% during mid-day trading on Tuesday, hitting $10.45. 273,656 shares of the company’s stock traded hands. Ruth’s Hospitality Group has a 1-year low of $10.42 and a 1-year high of $15.30. The stock has a 50-day moving average of $11.9 and a 200-day moving average of $12.28. The company has a market cap of $367.9 million and a price-to-earnings ratio of 16.78.
Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.19 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.20 earnings per share. Ruth’s Hospitality Group’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Ruth’s Hospitality Group will post $0.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Tuesday, August 12th.
Operates and franchises fine dining steak restaurants throughout the country. The Company’s restaurant originally started in Louisiana.
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