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.
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.
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