Ruth’s Hospitality Group Sees Significant Growth in Short Interest (RUTH)
Ruth’s Hospitality Group (NASDAQ:RUTH) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 916,946 shares, a growth of 37.2% from the July 15th total of 668,386 shares, StockRatingsNetwork reports. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 260,512 shares, the short-interest ratio is currently 3.5 days.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, August 5th. They now have a $11.50 price target on the stock, down previously from $13.00. 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) opened at 10.86 on Thursday. Ruth’s Hospitality Group has a 52 week low of $10.39 and a 52 week high of $15.30. The stock’s 50-day moving average is $11.64 and its 200-day moving average is $12.17. The company has a market cap of $379.3 million and a P/E ratio of 16.97.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its 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 $0.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders 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 1.84%. 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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