Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) announced a dividend on Friday, November 3rd, Fidelity reports. Shareholders of record on Thursday, November 9th will be given a dividend of 0.09 per share by the restaurant operator on Wednesday, November 22nd. The ex-dividend date is Wednesday, November 8th. This is a positive change from Ruth’s Hospitality Group’s previous dividend of $0.06.

Ruth’s Hospitality Group (RUTH) traded up $0.75 during midday trading on Friday, reaching $21.25. 426,095 shares of the company’s stock traded hands, compared to its average volume of 178,152. The company has a market cap of $623.35 million, a price-to-earnings ratio of 20.50 and a beta of 0.34.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $85.16 million during the quarter, compared to analyst estimates of $87.20 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. research analysts predict that Ruth’s Hospitality Group will post 1.07 EPS for the current year.

RUTH has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Deutsche Bank AG reiterated a “buy” rating and set a $24.00 target price (up from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $20.00 target price on shares of Ruth’s Hospitality Group in a research report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus 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.

Dividend History for Ruth`s Hospitality Group (NASDAQ:RUTH)

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