Q2 2021 EPS Estimates for Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Boosted by Piper Sandler


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Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) – Stock analysts at Piper Sandler increased their Q2 2021 earnings per share (EPS) estimates for shares of Ruth’s Hospitality Group in a note issued to investors on Monday, January 11th. Piper Sandler analyst N. Regan now anticipates that the restaurant operator will post earnings of $0.05 per share for the quarter, up from their prior forecast of $0.04. Piper Sandler also issued estimates for Ruth’s Hospitality Group’s Q3 2021 earnings at $0.02 EPS, FY2021 earnings at $0.30 EPS, Q4 2022 earnings at $0.35 EPS and FY2022 earnings at $0.73 EPS.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, October 30th. The restaurant operator reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.15. Ruth’s Hospitality Group had a negative net margin of 0.65% and a positive return on equity of 8.41%. The business had revenue of $63.42 million during the quarter, compared to analysts’ expectations of $54.23 million.

Other research analysts have also issued reports about the stock. Stephens raised their price objective on shares of Ruth’s Hospitality Group from $13.00 to $19.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Raymond James lifted their target price on Ruth’s Hospitality Group from $16.00 to $20.00 and gave the stock a “strong-buy” rating in a report on Wednesday, December 2nd. Zacks Investment Research cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 7th. Finally, BidaskClub raised Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research note on Tuesday, December 22nd. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $15.05.

Shares of NASDAQ RUTH opened at $17.49 on Thursday. The stock has a market cap of $610.40 million, a price-to-earnings ratio of -291.50 and a beta of 2.03. Ruth’s Hospitality Group has a twelve month low of $2.32 and a twelve month high of $24.42. The company’s fifty day moving average is $16.86 and its 200-day moving average is $11.86. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 1.26.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Ruth’s Hospitality Group by 60.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,285 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 861 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Ruth’s Hospitality Group by 17.6% in the 3rd quarter. California State Teachers Retirement System now owns 49,047 shares of the restaurant operator’s stock worth $542,000 after buying an additional 7,333 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Ruth’s Hospitality Group in the 3rd quarter worth approximately $308,000. Charles Schwab Investment Management Inc. lifted its position in Ruth’s Hospitality Group by 20.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 328,881 shares of the restaurant operator’s stock valued at $3,638,000 after acquiring an additional 55,161 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Ruth’s Hospitality Group by 787.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 302,508 shares of the restaurant operator’s stock valued at $698,000 after acquiring an additional 268,410 shares in the last quarter. Hedge funds and other institutional investors own 63.40% of the company’s stock.

Ruth’s Hospitality Group Company Profile

Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. The company's restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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Earnings History and Estimates for Ruth`s Hospitality Group (NASDAQ:RUTH)

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