Shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) hit a new 52-week low during 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.

RUTH has been the subject of several research reports. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. Jefferies Group restated a “buy” rating on shares of Ruth’s Hospitality Group in a research report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.00.

The firm’s 50-day moving average is $15.91 and its 200-day moving average is $16.74. The company has a market capitalization of $469.58 million and a P/E ratio of 16.98.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, July 29th. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. The firm had revenue of $92.65 million for the quarter, compared to analysts’ expectations of $92.88 million. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. Equities research analysts forecast that Ruth’s Hospitality Group Inc. will post $0.94 EPS for the current year.

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

Several hedge funds have made changes to their positions in the stock. 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 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 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 worth $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 worth $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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