Analysts forecast that Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) will report earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ruth's Hospitality Group’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.36. Ruth's Hospitality Group reported earnings of $0.30 per share in the same quarter last year, which would indicate a positive year over year growth rate of 26.7%. The firm is expected to issue its next earnings results on Friday, February 16th.

According to Zacks, analysts expect that Ruth's Hospitality Group will report full year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $1.01 to $1.06. For the next fiscal year, analysts anticipate that the company will report earnings of $1.15 per share, with EPS estimates ranging from $1.14 to $1.17. Zacks’ EPS averages are an average based on a survey of analysts that follow Ruth's Hospitality Group.

Ruth's Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Ruth's Hospitality Group had a net margin of 7.47% and a return on equity of 35.46%. The business had revenue of $85.16 million for the quarter, compared to the consensus estimate of $87.20 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis.

Separately, Zacks Investment Research upgraded shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.50.

Shares of Ruth's Hospitality Group (NASDAQ:RUTH) traded up $0.05 during midday trading on Friday, reaching $21.30. 202,250 shares of the company’s stock were exchanged, compared to its average volume of 185,500. Ruth's Hospitality Group has a twelve month low of $16.55 and a twelve month high of $22.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.41 and a quick ratio of 0.29. The company has a market capitalization of $688.12, a PE ratio of 22.42, a P/E/G ratio of 1.35 and a beta of 0.35.

Ruth's Hospitality Group declared that its Board of Directors has approved a share repurchase plan on Friday, November 3rd that allows the company to buyback $60.00 million in outstanding shares. This buyback authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other Ruth's Hospitality Group news, COO Cheryl Janet Henry sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $21.47, for a total transaction of $386,460.00. Following the transaction, the chief operating officer now directly owns 343,617 shares in the company, valued at $7,377,456.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Kevin W. Toomy sold 1,856 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $20.00, for a total transaction of $37,120.00. Following the transaction, the chief operating officer now owns 157,551 shares in the company, valued at $3,151,020. The disclosure for this sale can be found here. Insiders have sold 44,404 shares of company stock worth $912,331 over the last quarter. Company insiders own 7.45% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. purchased a new stake in shares of Ruth's Hospitality Group during the second quarter valued at approximately $228,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Ruth's Hospitality Group by 46.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 306,202 shares of the restaurant operator’s stock valued at $6,660,000 after purchasing an additional 97,694 shares during the period. Legal & General Group Plc boosted its stake in shares of Ruth's Hospitality Group by 6.3% during the second quarter. Legal & General Group Plc now owns 53,780 shares of the restaurant operator’s stock valued at $1,170,000 after purchasing an additional 3,196 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Ruth's Hospitality Group by 45.6% during the second quarter. BNP Paribas Arbitrage SA now owns 11,445 shares of the restaurant operator’s stock valued at $249,000 after purchasing an additional 3,585 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Ruth's Hospitality Group by 6.6% during the second quarter. Victory Capital Management Inc. now owns 85,249 shares of the restaurant operator’s stock valued at $1,854,000 after purchasing an additional 5,289 shares during the period. Institutional investors and hedge funds own 81.32% of the company’s stock.

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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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