Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) saw strong trading volume on Friday . 444,011 shares traded hands during trading, an increase of 64% from the previous session’s volume of 270,556 shares.The stock last traded at $15.89 and had previously closed at $15.56.

A number of research analysts have issued reports on the stock. Jefferies Group downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Tuesday. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.00.

The firm has a market cap of $520.59 million and a PE ratio of 17.98. The firm has a 50 day moving average price of $16.10 and a 200-day moving average price of $16.77.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, July 29th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $92.65 million for the quarter, compared to analysts’ expectations of $92.88 million. During the same period in the previous year, the business posted $0.22 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts anticipate that Ruth’s Hospitality Group Inc. will post $0.94 earnings per share for the current fiscal year.

A number of hedge funds recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of 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 worth $1,030,000 after buying an additional 1,129 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of 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 worth $1,153,000 after buying an additional 9,413 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of 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 worth $9,721,000 after buying an additional 45,090 shares in the last quarter. Shell Asset Management Co. bought a new stake in shares of Ruth’s Hospitality Group during the fourth quarter worth about $1,058,000. Finally, Wells Fargo & Company MN increased its stake in shares of 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 worth $7,704,000 after buying an additional 70,344 shares in the last quarter.

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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