Headlines about Ruth’s Hospitality Group (NASDAQ:RUTH) have trended positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ruth’s Hospitality Group earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 46.1520393843141 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Ruth’s Hospitality Group (NASDAQ RUTH) opened at 19.80 on Friday. Ruth’s Hospitality Group has a one year low of $13.74 and a one year high of $22.65. The company has a 50-day moving average price of $20.83 and a 200 day moving average price of $19.95. The stock has a market cap of $602.06 million, a price-to-earnings ratio of 19.57 and a beta of 0.29.
Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $100 million for the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS. Equities research analysts expect that Ruth’s Hospitality Group will post $1.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.36 annualized dividend and a yield of 1.82%. Ruth’s Hospitality Group’s payout ratio is presently 35.64%.
A number of brokerages recently issued reports on RUTH. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a research report on Friday, June 16th. Zacks Investment Research cut Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Tuesday, July 25th. Finally, BidaskClub cut Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.60.
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In other Ruth’s Hospitality Group news, CEO Michael P. Odonnell sold 81,800 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total transaction of $1,721,890.00. Following the sale, the chief executive officer now owns 1,194,524 shares in the company, valued at approximately $25,144,730.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.74% of the stock is currently owned by insiders.
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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