Ruth’s Hospitality Group Inc. (RUTH) Trading 5.1% Higher
Shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) traded up 5.1% during trading on Monday . The company traded as high as $15.79 and last traded at $15.73, with a volume of 939,300 shares trading hands. The stock had previously closed at $14.96.
A number of analysts recently commented on the company. Jefferies Group lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research report on Tuesday, July 26th. Zacks Investment Research lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Ruth’s Hospitality Group in a report on Wednesday, August 10th. 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 company. The company presently has a consensus rating of “Hold” and a consensus target price of $18.00.
The company has a market capitalization of $494.41 million and a PE ratio of 17.88. The company has a 50 day moving average price of $15.30 and a 200 day moving average price of $16.60.
Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, July 29th. The company reported $0.22 earnings per share 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 the consensus estimate of $92.88 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Ruth’s Hospitality Group Inc. will post $0.94 earnings per share for the current fiscal 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 dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.78%.
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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