Ruth’s Hospitality Group Inc. (RUTH) Shares Up 2.3%
Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) shot 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 trading hands. The stock had previously closed at $15.03.
Several research firms have recently issued reports on RUTH. Zacks Investment Research lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Jefferies Group lowered 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 note on Tuesday, July 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Ruth’s Hospitality Group in a research note 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 currently has a consensus rating of “Hold” and a consensus price target of $18.00.
The stock has a 50 day moving average price of $15.42 and a 200 day moving average price of $16.62. The firm has a market capitalization of $473.67 million and a PE ratio of 17.12.
Ruth’s Hospitality Group (NASDAQ:RUTH) last released 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 company earned $92.65 million during the quarter, compared to the consensus estimate of $92.88 million. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. On average, 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 declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were issued a $0.07 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $0.28 dividend on an annualized basis and a yield of 1.86%.
A hedge fund recently raised its stake in Ruth’s Hospitality Group stock. Schwab Charles Investment Management Inc. raised its position in Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) by 1.1% during the fourth quarter, according to its most recent disclosure with the SEC. 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 approximately 0.35% of Ruth’s Hospitality Group worth $1,886,000 at the end of the most recent quarter.
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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