Ruth's Hospitality Group, Inc. (RUTH) Given Consensus Rating of “Buy” by Brokerages

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) has received an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $23.25.

A number of research analysts have recently commented on the company. BidaskClub upgraded Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine upgraded Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Raymond James Financial upgraded Ruth's Hospitality Group from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Monday, January 29th. Finally, Zacks Investment Research upgraded Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th.

In related news, COO Kevin W. Toomy sold 1,856 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $20.00, for a total transaction of $37,120.00. Following the completion of the transaction, the chief operating officer now directly owns 157,551 shares of the company’s stock, valued at approximately $3,151,020. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Kevin W. Toomy sold 24,548 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $19.91, for a total value of $488,750.68. Following the transaction, the chief operating officer now directly owns 157,551 shares of the company’s stock, valued at $3,136,840.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,404 shares of company stock valued at $912,331. 7.45% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Voya Investment Management LLC raised its position in Ruth's Hospitality Group by 3.1% during the 2nd quarter. Voya Investment Management LLC now owns 44,698 shares of the restaurant operator’s stock worth $972,000 after purchasing an additional 1,326 shares during the last quarter. Strs Ohio raised its position in Ruth's Hospitality Group by 7.5% during the 3rd quarter. Strs Ohio now owns 37,200 shares of the restaurant operator’s stock worth $779,000 after purchasing an additional 2,600 shares during the last quarter. Cadence Capital Management LLC raised its position in Ruth's Hospitality Group by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 55,615 shares of the restaurant operator’s stock worth $1,165,000 after purchasing an additional 2,693 shares during the last quarter. First Trust Advisors LP raised its position in Ruth's Hospitality Group by 11.9% during the 4th quarter. First Trust Advisors LP now owns 26,038 shares of the restaurant operator’s stock worth $564,000 after purchasing an additional 2,760 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Ruth's Hospitality Group by 2.1% during the 2nd quarter. California Public Employees Retirement System now owns 134,700 shares of the restaurant operator’s stock worth $2,930,000 after purchasing an additional 2,800 shares during the last quarter. 81.51% of the stock is owned by institutional investors and hedge funds.

Ruth's Hospitality Group (NASDAQ:RUTH) opened at $22.75 on Tuesday. Ruth's Hospitality Group has a 12 month low of $16.65 and a 12 month high of $24.15. The company has a market capitalization of $711.58, a price-to-earnings ratio of 23.95, a PEG ratio of 1.32 and a beta of 0.38. The company has a quick ratio of 0.29, a current ratio of 0.41 and a debt-to-equity ratio of 0.37.

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

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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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