Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group LLC in a report released on Thursday. They presently have a $20.00 price objective on the restaurant operator’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 2.30% from the stock’s previous close.

A number of other analysts have also recently weighed in on RUTH. BidaskClub upgraded Ruth’s Hospitality Group from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, June 9th. Citigroup Inc. restated a “neutral” rating and issued a $22.00 price target (up from $20.00) on shares of Ruth’s Hospitality Group in a research note on Monday, May 15th. Deutsche Bank AG restated a “buy” rating and issued a $24.00 price target (up from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.60.

Shares of Ruth’s Hospitality Group (NASDAQ:RUTH) traded up 0.26% on Thursday, reaching $19.55. The company had a trading volume of 124,066 shares. The firm’s 50 day moving average is $20.32 and its 200 day moving average is $20.15. The firm has a market capitalization of $594.46 million, a PE ratio of 19.32 and a beta of 0.29. Ruth’s Hospitality Group has a 12 month low of $13.74 and a 12 month high of $22.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The company had revenue of $100 million for the quarter, compared to analysts’ expectations of $99.34 million. During the same period last year, the firm earned $0.22 earnings per share. Ruth’s Hospitality Group’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Ruth’s Hospitality Group will post $1.08 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Ruth’s Hospitality Group by 10.0% in the second quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock worth $93,252,000 after buying an additional 389,525 shares during the period. Vanguard Group Inc. boosted its stake in Ruth’s Hospitality Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,378,750 shares of the restaurant operator’s stock worth $51,737,000 after buying an additional 44,441 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ruth’s Hospitality Group by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,628,865 shares of the restaurant operator’s stock worth $35,428,000 after buying an additional 98,417 shares during the period. 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 worth $18,061,000 after buying an additional 38,941 shares during the period. Finally, 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 worth $17,875,000 after buying an additional 10,074 shares during the period. Institutional investors and hedge funds own 81.82% of the company’s stock.

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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