Ruth’s Hospitality Group, Inc. (RUTH) Set to Announce Earnings on Friday
Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will release its earnings data on Friday, November 3rd. Analysts expect Ruth’s Hospitality Group to post earnings of $0.10 per share for the quarter.
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, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. Ruth’s Hospitality Group’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. On average, analysts expect Ruth’s Hospitality Group to post $1.07 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.
Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) opened at 21.10 on Friday. The company has a 50-day moving average of $20.56 and a 200-day moving average of $20.72. The company has a market cap of $641.59 million, a PE ratio of 20.85 and a beta of 0.33. Ruth’s Hospitality Group, Inc. has a 52 week low of $14.25 and a 52 week high of $22.65.
Several research firms have issued reports on RUTH. Zacks Investment Research lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 14th. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price target on shares of Ruth’s Hospitality Group in a report on Thursday, August 31st. BidaskClub raised Ruth’s Hospitality Group from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $24.00 price target (up previously from $22.50) on shares of Ruth’s Hospitality Group in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.00.
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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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