Ruth’s Hospitality Group, Inc. (RUTH) Announces Quarterly Earnings Results
Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) issued its quarterly earnings data on Friday. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03), Bloomberg Earnings reports. The company had revenue of $85.16 million for 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 company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.10 earnings per share.
Ruth’s Hospitality Group (NASDAQ RUTH) opened at $21.25 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.26 and a debt-to-equity ratio of 0.24. The company has a market cap of $623.35 million, a PE ratio of 20.50, a P/E/G ratio of 1.35 and a beta of 0.34.
The company also recently disclosed a dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th will be paid a $0.09 dividend. This is a boost from Ruth’s Hospitality Group’s previous dividend of $0.06. The ex-dividend date of this dividend is Wednesday, November 8th. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 35.64%.
RUTH has been the subject of several research reports. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. 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. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target on shares of Ruth’s Hospitality Group in a research report on Sunday, July 30th. Deutsche Bank AG reiterated a “buy” rating and issued a $24.00 price target (up from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.00.
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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