Ruth’s Hospitality Group Inc. (NASDAQ:RUTH)’s share price fell 5.3% during mid-day trading on Tuesday . The company traded as low as $15.05 and last traded at $15.31, with a volume of 222,091 shares. The stock had previously closed at $16.16.

A number of brokerages have recently issued reports on RUTH. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Friday, April 1st. Jefferies Group reaffirmed a “buy” rating on shares of Ruth’s Hospitality Group in a research report on Friday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.00.

The firm’s 50 day moving average price is $16.27 and its 200 day moving average price is $16.79. The company has a market cap of $496.79 million and a PE ratio of 17.16.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Thursday, April 28th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.01. During the same period in the previous year, the company earned $0.31 EPS. The company had revenue of $101.90 million for the quarter, compared to analysts’ expectations of $104.56 million. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Ruth’s Hospitality Group Inc. will post $0.94 EPS for the current fiscal year.

Other institutional investors have bought and sold shares of the company. California State Teachers Retirement System raised its position in Ruth’s Hospitality Group by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 64,688 shares of the company’s stock valued at $1,030,000 after buying an additional 1,129 shares during the period. Shell Asset Management Co. acquired a new position in Ruth’s Hospitality Group during the fourth quarter valued at $1,058,000. GSA Capital Partners LLP raised its position in Ruth’s Hospitality Group by 14.9% in the fourth quarter. GSA Capital Partners LLP now owns 72,400 shares of the company’s stock valued at $1,153,000 after buying an additional 9,413 shares during the period. Wells Fargo & Company MN raised its position in Ruth’s Hospitality Group by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 483,940 shares of the company’s stock valued at $7,704,000 after buying an additional 70,344 shares during the period. Finally, Systematic Financial Management LP raised its position in Ruth’s Hospitality Group by 8.0% in the fourth quarter. Systematic Financial Management LP now owns 610,670 shares of the company’s stock valued at $9,721,000 after buying an additional 45,090 shares during the period.

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: the Company-owned steakhouse restaurant segment and the franchise operations segment. The Company’s Ruth’s Chris restaurants cater to special occasion diners and frequent customers, in addition to the business clientele.

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