Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) saw unusually-high trading volume on Friday . Approximately 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.

RUTH has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of Ruth’s Hospitality Group in a research report on Friday, April 29th. Zacks Investment Research raised Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.00.

The stock has a 50 day moving average price of $16.10 and a 200-day moving average price of $16.77. The stock has a market capitalization of $520.59 million and a price-to-earnings ratio of 17.98.

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 business earned $92.65 million during the quarter, compared to analysts’ expectations of $92.88 million. During the same quarter last year, the business earned $0.22 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Ruth’s Hospitality Group Inc. will post $0.94 EPS for the current fiscal year.

Other hedge funds and institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased 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 worth $1,030,000 after buying an additional 1,129 shares during the period. GSA Capital Partners LLP boosted 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. Wells Fargo & Company MN boosted 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. Finally, Systematic Financial Management LP boosted 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.

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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