Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $28.85 and last traded at $28.85, with a volume of 10725 shares changing hands. The stock had previously closed at $28.40.
Several brokerages recently issued reports on RUTH. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. BidaskClub lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Deutsche Bank lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Finally, Citigroup lifted their price target on shares of Ruth’s Hospitality Group from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.80.
The firm has a market cap of $883.32 million, a PE ratio of 26.23, a P/E/G ratio of 1.47 and a beta of 0.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.35.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, May 4th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $116.50 million for the quarter, compared to analyst estimates of $115.84 million. Ruth’s Hospitality Group had a net margin of 7.69% and a return on equity of 44.01%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. equities analysts predict that Ruth’s Hospitality Group, Inc. will post 1.36 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Investors of record on Thursday, May 24th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, May 23rd. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 40.00%.
Several institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC boosted its position in Ruth’s Hospitality Group by 409.3% during the 4th quarter. LS Investment Advisors LLC now owns 6,102 shares of the restaurant operator’s stock worth $132,000 after buying an additional 4,904 shares during the period. Advisors Preferred LLC acquired a new stake in Ruth’s Hospitality Group during the 1st quarter worth approximately $214,000. Jefferies Group LLC acquired a new stake in Ruth’s Hospitality Group during the 4th quarter worth approximately $208,000. Teacher Retirement System of Texas acquired a new stake in Ruth’s Hospitality Group during the 4th quarter worth approximately $215,000. Finally, Koch Industries Inc. acquired a new stake in Ruth’s Hospitality Group during the 1st quarter worth approximately $274,000. 82.28% of the stock is currently owned by institutional investors.
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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