Ruth’s Hospitality Group Inc. (RUTH) Sees Strong Trading Volume
Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) saw an uptick in trading volume on Friday . 493,494 shares were traded 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.
A number of research firms have recently weighed in on RUTH. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Jefferies Group lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a report on Tuesday, July 26th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Ruth’s Hospitality Group in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target 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 price-to-earnings ratio of 17.88.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.22 earnings per share (EPS) 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 the consensus estimate of $92.88 million. During the same quarter in the prior year, the company posted $0.22 EPS. The business’s revenue 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 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Shareholders 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 1.78%.
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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