Wall Street analysts expect Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) to report earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ruth’s Hospitality Group’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.11. Ruth’s Hospitality Group also reported earnings of $0.10 per share in the same quarter last year. The firm is expected to report its next earnings results on Friday, October 27th.

On average, analysts expect that Ruth’s Hospitality Group will report full year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.06 to $1.09. For the next fiscal year, analysts forecast that the company will post earnings of $1.12 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $100 million for the quarter, compared to analyst estimates of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. Ruth’s Hospitality Group’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share.

A number of equities research analysts have issued reports on the company. BidaskClub upgraded Ruth’s Hospitality Group from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a research note on Sunday, July 30th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $24.00 price objective (up from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.60.

Shares of Ruth’s Hospitality Group (RUTH) traded up 0.77% during mid-day trading on Tuesday, hitting $19.75. The stock had a trading volume of 55,886 shares. Ruth’s Hospitality Group has a 52-week low of $13.74 and a 52-week high of $22.65. The company has a market cap of $600.54 million, a PE ratio of 19.52 and a beta of 0.29. The stock has a 50 day moving average price of $20.32 and a 200-day moving average price of $20.15.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.36 annualized dividend and a yield of 1.84%. Ruth’s Hospitality Group’s payout ratio is 35.64%.

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Several hedge funds have recently modified their holdings of the company. Opus Capital Group LLC boosted its stake in shares of Ruth’s Hospitality Group by 0.3% in the first quarter. Opus Capital Group LLC now owns 14,116 shares of the restaurant operator’s stock valued at $283,000 after buying an additional 48 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Ruth’s Hospitality Group by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 200 shares during the period. Arizona State Retirement System boosted its stake in shares of Ruth’s Hospitality Group by 1.3% in the first quarter. Arizona State Retirement System now owns 15,474 shares of the restaurant operator’s stock valued at $310,000 after buying an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Ruth’s Hospitality Group by 0.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,235 shares of the restaurant operator’s stock valued at $1,027,000 after buying an additional 200 shares during the period. Finally, Texas Permanent School Fund raised its stake in Ruth’s Hospitality Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 21,730 shares of the restaurant operator’s stock valued at $473,000 after buying an additional 259 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

Ruth’s Hospitality Group Company Profile

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.

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