Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)‘s stock had its “market perform” rating restated by Raymond James Financial, Inc. in a research report issued on Tuesday.

A number of other equities research analysts also recently commented on RUTH. 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 on the stock in a research report on Tuesday, April 18th. Jefferies Group LLC reissued a “hold” rating on shares of Ruth’s Hospitality Group in a research report on Friday, May 5th. Citigroup Inc. reissued a “neutral” rating and issued a $22.00 price objective (up from $20.00) on shares of Ruth’s Hospitality Group in a research report on Monday, May 15th. BidaskClub downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $24.00 price objective (up from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Ruth’s Hospitality Group presently has an average rating of “Hold” and an average target price of $21.60.

Shares of Ruth’s Hospitality Group (RUTH) traded up 1.68% during midday trading on Tuesday, reaching $21.15. 41,445 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $21.65 and its 200 day moving average price is $19.74. Ruth’s Hospitality Group has a 1-year low of $13.74 and a 1-year high of $22.65. The stock has a market capitalization of $649.14 million, a P/E ratio of 21.85 and a beta of 0.31.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data 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 net margin of 7.89% and a return on equity of 37.75%. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $105.49 million. During the same period in the prior year, the firm posted $0.33 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Ruth’s Hospitality Group will post $1.07 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Ruth’s Hospitality Group’s (NASDAQ:RUTH) Market Perform Rating Reaffirmed at Raymond James Financial, Inc.” was first published by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2017/07/25/ruths-hospitality-groups-nasdaqruth-market-perform-rating-reaffirmed-at-raymond-james-financial-inc.html.

In other Ruth’s Hospitality Group news, CEO Michael P. Odonnell sold 81,800 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $21.05, for a total transaction of $1,721,890.00. Following the sale, the chief executive officer now directly owns 1,194,524 shares of the company’s stock, valued at approximately $25,144,730.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carla Cooper sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $21.20, for a total transaction of $63,600.00. Following the sale, the director now directly owns 36,048 shares in the company, valued at $764,217.60. The disclosure for this sale can be found here. Insiders have sold a total of 108,877 shares of company stock valued at $2,293,273 over the last 90 days. 6.74% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Ruth’s Hospitality Group by 2.7% in the first quarter. Vanguard Group Inc. now owns 2,334,309 shares of the restaurant operator’s stock valued at $46,802,000 after buying an additional 60,769 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ruth’s Hospitality Group by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,530,448 shares of the restaurant operator’s stock valued at $30,685,000 after buying an additional 149,947 shares in the last quarter. State Street Corp boosted its stake in Ruth’s Hospitality Group by 4.5% in the first quarter. State Street Corp now owns 901,073 shares of the restaurant operator’s stock valued at $18,061,000 after buying an additional 38,941 shares in the last quarter. Wellington Management Group LLP boosted its stake in Ruth’s Hospitality Group by 1.1% in the first quarter. Wellington Management Group LLP now owns 891,570 shares of the restaurant operator’s stock valued at $17,875,000 after buying an additional 10,074 shares in the last quarter. Finally, Foresters Investment Management Company Inc. boosted its stake in Ruth’s Hospitality Group by 0.5% in the first quarter. Foresters Investment Management Company Inc. now owns 609,100 shares of the restaurant operator’s stock valued at $12,212,000 after buying an additional 3,100 shares in the last quarter. 84.75% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Ruth's Hospitality Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruth's Hospitality Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.