Short Interest in Ruth's Hospitality Group Drops By 30.6% (RUTH)
Ruth's Hospitality Group (NASDAQ:RUTH) was the target of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 635,908 shares, a decline of 30.6% from the July 31st total of 916,946 shares, American Banking News.com reports. Based on an average trading volume of 215,087 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.8% of the shares of the stock are short sold.
Separately, 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.
Ruth's Hospitality Group (NASDAQ:RUTH) opened at 11.25 on Friday. Ruth's Hospitality Group has a 52 week low of $10.39 and a 52 week high of $15.30. The stock has a 50-day moving average of $11.11 and a 200-day moving average of $12.00. The company has a market cap of $393.0 million and a P/E ratio of 17.59.
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 $0.74 EPS for the current fiscal year.
Ruth’s Hospitality Group, Inc (NASDAQ:RUTH) is a restaurant company focused on the upscale dining segment.
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