Ruth's Hospitality Group (RUTH) Set to Announce Quarterly Earnings on Wednesday

Ruth's Hospitality Group (NASDAQ:RUTH) will announce its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

Shares of Ruth's Hospitality Group (NASDAQ:RUTH) opened at $23.05 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.29 and a current ratio of 0.41. The stock has a market cap of $728.43, a PE ratio of 24.01, a PEG ratio of 1.32 and a beta of 0.38. Ruth's Hospitality Group has a 12 month low of $16.65 and a 12 month high of $24.15.

Ruth's Hospitality Group announced that its board has initiated a share repurchase program on Friday, November 3rd that authorizes the company to buyback $60.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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

A number of analysts have recently issued reports on RUTH shares. Raymond James Financial upgraded shares of Ruth's Hospitality Group from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Monday, January 29th. Zacks Investment Research upgraded shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub upgraded shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, ValuEngine upgraded shares of Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Ruth's Hospitality Group currently has a consensus rating of “Buy” and a consensus target price of $23.40.

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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.

Earnings History for Ruth's Hospitality Group (NASDAQ:RUTH)

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