Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) dropped 4.5% during mid-day trading on Tuesday . The stock traded as low as $14.93 and last traded at $14.94, with a volume of 402,428 shares trading hands. The stock had previously closed at $15.65.

RUTH has been the topic of several research analyst reports. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Jefferies Group reaffirmed a “buy” rating on shares of Ruth’s Hospitality Group in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Ruth’s Hospitality Group presently has a consensus rating of “Hold” and a consensus target price of $18.00.

The company has a market capitalization of $469.58 million and a price-to-earnings ratio of 16.98. The firm’s 50 day moving average is $16.01 and its 200-day moving average is $16.77.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.28 annualized dividend and a yield of 1.87%.

A number of large investors have modified their holdings of the company. California State Teachers Retirement System boosted 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 valued at $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 valued at $1,153,000 after buying an additional 9,413 shares during the period. 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 valued at $7,704,000 after buying an additional 70,344 shares during the period. 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 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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