Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $22.00.

A number of analysts have issued reports on the stock. Raymond James Financial, Inc. reiterated 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. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Jefferies Group LLC reiterated a “hold” rating on shares of Ruth’s Hospitality Group in a report on Friday, May 5th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $24.00 price target (up from $22.50) on shares of Ruth’s Hospitality Group in a report on Monday, July 10th.

Shares of Ruth’s Hospitality Group (RUTH) traded down 4.78% on Friday, reaching $19.90. 41,823 shares of the company traded hands. The firm has a market capitalization of $610.77 million, a P/E ratio of 20.56 and a beta of 0.31. The stock has a 50-day moving average price of $21.55 and a 200 day moving average price of $19.78. Ruth’s Hospitality Group has a 1-year low of $13.74 and a 1-year high of $22.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $100 million for the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.89% and a return on equity of 37.75%. Ruth’s Hospitality Group’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. Analysts anticipate that Ruth’s Hospitality Group will post $1.07 EPS for the current fiscal year.

In other news, COO Cheryl Janet Henry sold 21,077 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $21.08, for a total value of $444,303.16. Following the sale, the chief operating officer now directly owns 381,617 shares in the company, valued at approximately $8,044,486.36. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $1,721,890.00. Following the completion of the sale, the chief executive officer now owns 1,194,524 shares in the company, valued at $25,144,730.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,877 shares of company stock worth $2,293,273. Insiders own 6.74% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Ruth’s Hospitality Group by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 5,826 shares of the restaurant operator’s stock worth $126,000 after buying an additional 2,536 shares during the period. Mason Street Advisors LLC increased its stake in 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 period. BNP Paribas Arbitrage SA increased its stake in 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 during the period. Oppenheimer Asset Management Inc. acquired a new stake in Ruth’s Hospitality Group during the first quarter worth $184,000. Finally, Russell Investments Group Ltd. acquired a new stake in Ruth’s Hospitality Group during the fourth quarter worth $207,000. Hedge funds and other institutional investors own 84.75% of the company’s stock.

WARNING: “Ruth’s Hospitality Group, Inc. (RUTH) Given Average Recommendation of “Hold” by Brokerages” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/28/ruths-hospitality-group-inc-ruth-given-average-recommendation-of-hold-by-brokerages.html.

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.

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.