BidaskClub upgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a hold rating to a buy rating in a research note released on Thursday morning.

Several other brokerages have also recently weighed in on RUTH. Raymond James cut Ruth’s Hospitality Group from an outperform rating to a market perform rating in a research report on Monday, August 13th. Zacks Investment Research upgraded Ruth’s Hospitality Group from a hold rating to a buy rating and set a $34.00 price target on the stock in a research report on Wednesday, August 15th. Finally, Citigroup upped their price target on Ruth’s Hospitality Group from $25.00 to $31.00 and gave the company a neutral rating in a research report on Monday, June 25th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $30.67.

Shares of RUTH traded down $0.94 during midday trading on Thursday, hitting $28.88. 6,694 shares of the company traded hands, compared to its average volume of 227,619. Ruth’s Hospitality Group has a one year low of $19.45 and a one year high of $33.95. The stock has a market cap of $927.63 million, a PE ratio of 26.94, a P/E/G ratio of 1.53 and a beta of 0.36. The company has a quick ratio of 0.25, a current ratio of 0.37 and a debt-to-equity ratio of 0.57.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, August 10th. The restaurant operator reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Ruth’s Hospitality Group had a return on equity of 45.99% and a net margin of 7.92%. The firm had revenue of $109.70 million for the quarter, compared to analysts’ expectations of $111.72 million. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Analysts expect that Ruth’s Hospitality Group will post 1.39 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ruth’s Hospitality Group by 126.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,439 shares of the restaurant operator’s stock worth $181,000 after buying an additional 3,600 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at approximately $188,000. Leonard Rickey Investment Advisors P.L.L.C. purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at approximately $209,000. SG Americas Securities LLC purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at approximately $247,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at approximately $270,000. Institutional investors own 84.68% of the company’s stock.

About Ruth’s Hospitality Group

Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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