Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) has received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.00.

RUTH has been the topic of a number of research analyst reports. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $24.00 price target (up previously from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price target on shares of Ruth’s Hospitality Group in a research report on Thursday, August 31st. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, BidaskClub cut 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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A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in shares of Ruth’s Hospitality Group by 77.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,826 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 2,536 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth about $150,000. Oppenheimer Asset Management Inc. bought a new position in shares of Ruth’s Hospitality Group during the 1st quarter worth about $184,000. HL Financial Services LLC bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth about $206,000. Finally, Trexquant Investment LP bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth about $209,000. 81.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ruth’s Hospitality Group (NASDAQ RUTH) opened at $21.25 on Friday. The firm has a market cap of $646.15, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 1.40 and a beta of 0.34. The company has a quick ratio of 0.26, a current ratio of 0.37 and a debt-to-equity ratio of 0.24.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). 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 net margin of 7.97% and a return on equity of 37.86%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. equities research analysts forecast that Ruth’s Hospitality Group will post 1.07 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 8th. This is a boost from Ruth’s Hospitality Group’s previous dividend of $0.06. Ruth’s Hospitality Group’s dividend payout ratio is 37.90%.

Ruth’s Hospitality Group announced that its Board of Directors has approved a share buyback plan on Friday, November 3rd that permits the company to buyback $60.00 million in outstanding shares. This buyback authorization permits the restaurant operator to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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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