Equities analysts expect that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will post sales of $99.29 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Ruth’s Hospitality Group’s earnings. The lowest sales estimate is $99.00 million and the highest is $99.64 million. Ruth’s Hospitality Group reported sales of $92.65 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The business is scheduled to issue its next earnings results on Friday, August 4th.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full year sales of $99.29 million for the current financial year, with estimates ranging from $407.69 million to $420.65 million. For the next financial year, analysts anticipate that the business will post sales of $435.13 million per share, with estimates ranging from $431.11 million to $441.23 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, May 5th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The company had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $105.49 million. Ruth’s Hospitality Group had a net margin of 7.89% and a return on equity of 37.75%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS.

A number of equities research analysts have weighed in on RUTH shares. Citigroup Inc. upped their price objective on shares of Ruth’s Hospitality Group from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Monday, March 20th. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, April 18th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Thursday, April 20th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Ruth’s Hospitality Group in a research report on Friday, May 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

In other Ruth’s Hospitality Group news, COO Cheryl Janet Henry sold 21,077 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.08, for a total value of $444,303.16. Following the completion of the transaction, the chief operating officer now owns 381,617 shares of the company’s stock, valued at approximately $8,044,486.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael P. Odonnell sold 81,800 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total value of $1,721,890.00. Following the completion of the transaction, the chief executive officer now directly owns 1,194,524 shares of the company’s stock, valued at approximately $25,144,730.20. The disclosure for this sale can be found here. Insiders have sold 108,877 shares of company stock worth $2,293,273 over the last ninety days. 6.74% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC increased its stake in shares of Ruth’s Hospitality Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock worth $139,000 after buying an additional 455 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Ruth’s Hospitality Group by 9.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the restaurant operator’s stock worth $158,000 after buying an additional 689 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Ruth’s Hospitality Group during the first quarter worth approximately $184,000. Russell Investments Group Ltd. bought a new stake in shares of Ruth’s Hospitality Group during the fourth quarter worth approximately $207,000. Finally, TD Asset Management Inc. bought a new stake in shares of Ruth’s Hospitality Group during the first quarter worth approximately $209,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Shares of Ruth’s Hospitality Group (NASDAQ RUTH) opened at 22.00 on Thursday. The firm has a market capitalization of $675.22 million, a P/E ratio of 22.73 and a beta of 0.29. Ruth’s Hospitality Group has a 52 week low of $13.74 and a 52 week high of $22.65. The stock has a 50 day moving average price of $21.48 and a 200 day moving average price of $19.27.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 18th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.64%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 37.11%.

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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. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

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