Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $22.00.

A number of analysts have weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and set a $20.00 target price on shares of Ruth’s Hospitality Group in a research report on Friday, June 16th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, BidaskClub downgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.

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Ruth’s Hospitality Group (NASDAQ:RUTH) opened at 20.60 on Friday. Ruth’s Hospitality Group has a 1-year low of $13.74 and a 1-year high of $22.65. The company has a market cap of $626.38 million, a price-to-earnings ratio of 20.36 and a beta of 0.32. The company’s 50-day moving average is $19.67 and its 200 day moving average is $20.36.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $100.00 million during the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, equities analysts predict that Ruth’s Hospitality Group will post $1.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, August 8th. Ruth’s Hospitality Group’s payout ratio is 35.64%.

Several institutional investors have recently bought and sold shares of the business. 1st Global Advisors Inc. bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth approximately $360,000. Scotia Capital Inc. boosted its holdings in shares of Ruth’s Hospitality Group by 17.0% during the 2nd quarter. Scotia Capital Inc. now owns 56,424 shares of the restaurant operator’s stock worth $1,227,000 after buying an additional 8,179 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth approximately $970,000. Maverick Capital Ltd. bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth approximately $326,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Ruth’s Hospitality Group by 346.0% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 99,900 shares of the restaurant operator’s stock worth $2,172,000 after buying an additional 77,500 shares in the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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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