A number of firms have modified their ratings and price targets on shares of Ruth’s Hospitality Group (NASDAQ: RUTH) recently:

  • 8/3/2017 – Ruth’s Hospitality Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/30/2017 – Ruth’s Hospitality Group had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $20.00 price target on the stock.
  • 7/28/2017 – Ruth’s Hospitality Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – Ruth’s Hospitality Group had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/20/2017 – Ruth’s Hospitality Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter. “
  • 7/10/2017 – Ruth’s Hospitality Group had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $24.00 price target on the stock, up previously from $22.50.
  • 7/6/2017 – Ruth’s Hospitality Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/6/2017 – Ruth’s Hospitality Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter. “
  • 6/16/2017 – Ruth’s Hospitality Group had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $20.00 price target on the stock.

Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) traded down 0.879% on Wednesday, reaching $19.725. 21,144 shares of the company’s stock traded hands. The firm’s 50-day moving average is $21.15 and its 200 day moving average is $19.86. The stock has a market capitalization of $599.78 million, a PE ratio of 19.491 and a beta of 0.29. Ruth’s Hospitality Group, Inc. has a 52-week low of $13.74 and a 52-week high of $22.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The company had revenue of $100 million for the quarter, compared to analysts’ expectations of $99.34 million. During the same period last year, the business earned $0.22 EPS. Ruth’s Hospitality Group’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts forecast that Ruth’s Hospitality Group, Inc. will post $1.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio is currently 35.64%.

In related news, Director Alan Vituli sold 3,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $21.16, for a total value of $63,480.00. Following the transaction, the director now directly owns 23,837 shares in the company, valued at approximately $504,390.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael P. Odonnell sold 81,800 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total value of $1,721,890.00. Following the completion of the transaction, the chief executive officer now owns 1,194,524 shares in the company, valued at $25,144,730.20. The disclosure for this sale can be found here. 6.74% of the stock is owned by company insiders.

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. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

Receive News & Ratings for Ruth's Hospitality Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruth's Hospitality Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.