Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.81 and last traded at $14.88, with a volume of 99,656 shares changing hands. The stock had previously closed at $14.96.

RUTH has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Deutsche Bank AG restated a “buy” rating on shares of Ruth’s Hospitality Group in a research report on Wednesday, August 10th. Finally, Jefferies Group downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

The firm’s 50 day moving average is $15.33 and its 200-day moving average is $16.62. The stock has a market capitalization of $468.01 million and a price-to-earnings ratio of 16.92.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, August 9th.

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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