Ruth’s Hospitality Group Inc. (NASDAQ:RUTH)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.88 and last traded at $15.20, with a volume of 136,358 shares changing hands. The stock had previously closed at $14.94.

Several equities analysts recently issued reports on the company. Jefferies Group cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Tuesday, July 26th. Zacks Investment Research cut Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. 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 company. Ruth’s Hospitality Group has a consensus rating of “Hold” and a consensus price target of $18.00.

The firm’s 50 day moving average price is $16.01 and its 200 day moving average price is $16.77. The firm has a market cap of $475.55 million and a P/E ratio of 17.19.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data 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 had revenue of $92.65 million for the quarter, compared to the consensus estimate of $92.88 million. During the same period in the prior year, the firm posted $0.22 earnings per share. Ruth’s Hospitality Group’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Ruth’s Hospitality Group Inc. will post $0.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders 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 dividend yield of 1.85%.

Several institutional investors recently modified their holdings of RUTH. Systematic Financial Management LP boosted its position 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 last quarter. Wells Fargo & Company MN boosted its position 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 last quarter. GSA Capital Partners LLP boosted its position 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 last quarter. Finally, California State Teachers Retirement System boosted its position 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 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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