Ruth’s Hospitality Group Inc. (RUTH) Trading Up 2.3%
Shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) were up 2.3% during mid-day trading on Thursday . The stock traded as high as $15.38 and last traded at $15.37, with a volume of 142,336 shares traded. The stock had previously closed at $15.03.
Several analysts have recently weighed in on RUTH shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ruth’s Hospitality Group in a research note on Wednesday, August 10th. Jefferies Group reaffirmed a “buy” rating on shares of Ruth’s Hospitality Group in a research note on Friday, April 29th. Finally, Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.00.
The company has a market capitalization of $480.58 million and a PE ratio of 17.38. The firm’s 50 day moving average is $15.44 and its 200-day moving average is $16.63.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data 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 business had revenue of $92.65 million for the quarter, compared to the consensus estimate of $92.88 million. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, analysts expect that Ruth’s Hospitality Group Inc. will post $0.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, August 9th.
A hedge fund recently raised its stake in Ruth’s Hospitality Group stock. Schwab Charles Investment Management Inc. increased its position in shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,454 shares of the company’s stock after buying an additional 1,261 shares during the period. Schwab Charles Investment Management Inc. owned 0.35% of Ruth’s Hospitality Group worth $1,886,000 as of its most recent filing with the SEC.
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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