Equities analysts predict that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will announce sales of $99.29 million for the current quarter, Zacks reports. Three analysts have provided estimates for Ruth’s Hospitality Group’s earnings, with the highest sales estimate coming in at $99.64 million and the lowest estimate coming in at $99.00 million. Ruth’s Hospitality Group posted sales of $92.65 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The firm is scheduled to report its next quarterly earnings report before the market opens on Friday, July 28th.

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

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

RUTH has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “buy” rating and set a $24.00 price objective (up from $22.50) on shares of Ruth’s Hospitality Group in a report on Monday, July 10th. BidaskClub downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a report on Friday, June 16th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Thursday, April 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Ruth’s Hospitality Group currently has an average rating of “Hold” and an average target price of $21.60.

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

A number of hedge funds have recently bought and sold shares of RUTH. Russell Investments Group Ltd. acquired a new stake in Ruth’s Hospitality Group during the fourth quarter valued at $207,000. Comerica Bank increased its stake in Ruth’s Hospitality Group by 4.3% in the fourth quarter. Comerica Bank now owns 27,239 shares of the restaurant operator’s stock valued at $475,000 after buying an additional 1,131 shares in the last quarter. State Street Corp increased its stake in Ruth’s Hospitality Group by 3.9% in the fourth quarter. State Street Corp now owns 862,132 shares of the restaurant operator’s stock valued at $15,777,000 after buying an additional 32,643 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Ruth’s Hospitality Group by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,380,501 shares of the restaurant operator’s stock valued at $25,263,000 after buying an additional 29,841 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Ruth’s Hospitality Group by 1,630.9% in the first quarter. Bank of Montreal Can now owns 19,075 shares of the restaurant operator’s stock valued at $382,000 after buying an additional 17,973 shares in the last quarter. 84.80% of the stock is owned by institutional investors and hedge funds.

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Ruth’s Hospitality Group (RUTH) opened at 21.05 on Friday. 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 $21.72 and a 200-day moving average price of $19.69. The company has a market capitalization of $646.07 million, a PE ratio of 21.75 and a beta of 0.31.

About Ruth’s Hospitality Group

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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