Ruth’s Hospitality Group Inc. (RUTH) Sees Large Volume Increase
Shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) saw an uptick in trading volume on Friday . 493,494 shares traded hands during trading, an increase of 128% from the previous session’s volume of 216,169 shares.The stock last traded at $15.33 and had previously closed at $14.96.
Several brokerages recently issued reports on RUTH. Deutsche Bank AG restated a “buy” rating on shares of Ruth’s Hospitality Group in a report on Wednesday, August 10th. Jefferies Group cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Tuesday, July 26th. Finally, Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Ruth’s Hospitality Group currently has a consensus rating of “Hold” and an average target price of $18.00.
The company has a market cap of $494.41 million and a price-to-earnings ratio of 17.88. The stock’s 50-day moving average price is $15.30 and its 200 day moving average price is $16.60.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results 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 analyst estimates of $92.88 million. During the same period in the previous year, the company posted $0.22 EPS. Ruth’s Hospitality Group’s revenue was up 1.8% on a year-over-year basis. Equities research analysts expect 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. Stockholders of record on Thursday, August 11th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.78%. 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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