Ruth’s Hospitality Group, Inc. (RUTH) Given Average Recommendation of “Buy” by Analysts

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.00.

Several research firms have recently commented on RUTH. Zacks Investment Research lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th. BidaskClub upgraded Ruth’s Hospitality Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 4th. Citigroup upped their price objective on Ruth’s Hospitality Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, Deutsche Bank lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in Ruth’s Hospitality Group by 0.6% in the 1st quarter. BlackRock Inc. now owns 4,101,027 shares of the restaurant operator’s stock worth $100,269,000 after buying an additional 23,356 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Ruth’s Hospitality Group by 0.4% during the 4th quarter. Allianz Asset Management GmbH now owns 1,474,623 shares of the restaurant operator’s stock valued at $31,925,000 after purchasing an additional 5,462 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ruth’s Hospitality Group by 14.9% during the 1st quarter. Principal Financial Group Inc. now owns 821,682 shares of the restaurant operator’s stock valued at $20,090,000 after purchasing an additional 106,508 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Ruth’s Hospitality Group by 44.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 524,721 shares of the restaurant operator’s stock valued at $11,360,000 after purchasing an additional 161,091 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Ruth’s Hospitality Group by 15.7% during the 1st quarter. Wells Fargo & Company MN now owns 440,179 shares of the restaurant operator’s stock valued at $10,761,000 after purchasing an additional 59,628 shares during the last quarter. Institutional investors and hedge funds own 82.28% of the company’s stock.

Shares of NASDAQ:RUTH traded down $0.60 during midday trading on Monday, hitting $28.25. The company had a trading volume of 382,489 shares, compared to its average volume of 198,203. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.35 and a quick ratio of 0.24. The firm has a market capitalization of $892.60 million, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 1.48 and a beta of 0.28. Ruth’s Hospitality Group has a 12-month low of $17.95 and a 12-month high of $29.00.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, May 4th. The restaurant operator reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $115.84 million. Ruth’s Hospitality Group had a return on equity of 44.01% and a net margin of 7.69%. Ruth’s Hospitality Group’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. equities research analysts expect that Ruth’s Hospitality Group will post 1.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th were paid a $0.11 dividend. The ex-dividend date was Wednesday, May 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.56%. Ruth’s Hospitality Group’s payout ratio is presently 40.00%.

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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