Ruth’s Hospitality Group Inc. (RUTH) Stock Rating Upgraded by Zacks Investment Research
Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter. “
Several other brokerages have also commented on RUTH. Deutsche Bank AG restated a “buy” rating on shares of Ruth’s Hospitality Group in a research note on Wednesday, August 10th. Jefferies Group lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research note on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.00.
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Shares of Ruth’s Hospitality Group (NASDAQ:RUTH) remained flat at $14.06 during midday trading on Tuesday. 9,081 shares of the stock traded hands. The company has a market capitalization of $441.92 million, a PE ratio of 15.98 and a beta of 0.71. Ruth’s Hospitality Group has a one year low of $13.74 and a one year high of $18.78. The company’s 50 day moving average is $14.87 and its 200-day moving average is $16.12.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Ruth’s Hospitality Group had a return on equity of 31.58% and a net margin of 7.84%. The business had revenue of $92.65 million for the quarter, compared to analyst estimates of $92.88 million. During the same quarter last year, the company earned $0.22 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts forecast that Ruth’s Hospitality Group will post $0.93 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC purchased a new position in Ruth’s Hospitality Group during the second quarter worth about $105,000. Schwab Charles Investment Management Inc. raised its position in Ruth’s Hospitality Group by 2.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 123,831 shares of the company’s stock worth $1,976,000 after buying an additional 2,562 shares during the last quarter. Fiera Capital Corp purchased a new position in Ruth’s Hospitality Group during the second quarter worth about $6,908,000. Numeric Investors LLC raised its position in Ruth’s Hospitality Group by 0.9% in the second quarter. Numeric Investors LLC now owns 223,825 shares of the company’s stock worth $3,570,000 after buying an additional 2,100 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Ruth’s Hospitality Group by 1.2% in the second quarter. Arizona State Retirement System now owns 17,474 shares of the company’s stock worth $279,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 84.92% of the company’s stock.
Ruth’s Hospitality Group Company Profile
Ruth’s Hospitality Group, Inc develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments: the Company-owned steakhouse restaurant segment and the franchise operations segment. The Company’s Ruth’s Chris restaurants cater to special occasion diners and frequent customers, in addition to the business clientele.
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