Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.00.

RUTH has been the subject of a number of recent research reports. Deutsche Bank AG restated a “buy” rating and set a $24.00 target price (up previously from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Jefferies Group LLC restated a “hold” rating and set a $20.00 target price on shares of Ruth’s Hospitality Group in a research report on Thursday, August 31st. BidaskClub downgraded Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th.

Ruth’s Hospitality Group (NASDAQ:RUTH) opened at 21.45 on Wednesday. The stock’s 50 day moving average price is $20.12 and its 200-day moving average price is $20.64. The firm has a market capitalization of $652.23 million, a price-to-earnings ratio of 21.20 and a beta of 0.33. Ruth’s Hospitality Group has a one year low of $13.93 and a one year high of $22.65.

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, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $100.00 million during the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, equities research analysts anticipate that Ruth’s Hospitality Group will post $1.08 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of RUTH. Principal Financial Group Inc. grew its stake in Ruth’s Hospitality Group by 227.5% in the second quarter. Principal Financial Group Inc. now owns 775,973 shares of the restaurant operator’s stock valued at $16,877,000 after acquiring an additional 539,034 shares during the period. BlackRock Inc. grew 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 valued at $93,252,000 after acquiring an additional 389,525 shares during the period. Bank of America Corp DE grew its stake in Ruth’s Hospitality Group by 143.4% in the first quarter. Bank of America Corp DE now owns 493,384 shares of the restaurant operator’s stock valued at $9,893,000 after acquiring an additional 290,659 shares during the period. Kennedy Capital Management Inc. grew its stake in Ruth’s Hospitality Group by 1,296.2% in the first quarter. Kennedy Capital Management Inc. now owns 305,696 shares of the restaurant operator’s stock valued at $6,129,000 after acquiring an additional 283,801 shares during the period. Finally, Dimensional Fund Advisors LP grew 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 acquiring an additional 149,947 shares during the period. 81.82% of the stock is owned by hedge funds and other institutional investors.

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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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