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

A number of analysts recently commented on the company. Jefferies Group downgraded Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research report on Tuesday, July 26th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ruth’s Hospitality Group in a research report on Wednesday, August 10th. Finally, Zacks Investment Research downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.00.

The company has a 50 day moving average of $15.30 and a 200-day moving average of $16.60. The company has a market capitalization of $494.41 million and a PE ratio of 17.88.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.78%. The ex-dividend date 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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