A number of other research analysts also recently commented on RUTH. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Citigroup set a $28.00 price target on Ruth’s Hospitality Group and gave the company a “hold” rating in a research note on Friday, March 8th. Finally, Stephens initiated coverage on Ruth’s Hospitality Group in a research note on Wednesday, April 17th. They issued an “equal weight” rating and a $28.00 price target for the company. Six analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $30.00.
RUTH stock traded down $0.18 during midday trading on Wednesday, reaching $24.82. The company had a trading volume of 142,612 shares, compared to its average volume of 191,889. The company has a market cap of $754.99 million, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.27 and a beta of 0.54. Ruth’s Hospitality Group has a 1-year low of $21.70 and a 1-year high of $33.95. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 2.20.
Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, May 3rd. The restaurant operator reported $0.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. The business had revenue of $119.70 million during the quarter, compared to the consensus estimate of $119.61 million. Ruth’s Hospitality Group had a return on equity of 45.79% and a net margin of 9.21%. Ruth’s Hospitality Group’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, analysts anticipate that Ruth’s Hospitality Group will post 1.41 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank bought a new position in Ruth’s Hospitality Group in the first quarter valued at about $38,000. Meeder Asset Management Inc. bought a new position in Ruth’s Hospitality Group in the first quarter valued at about $57,000. Quantamental Technologies LLC bought a new position in Ruth’s Hospitality Group in the fourth quarter valued at about $84,000. Municipal Employees Retirement System of Michigan bought a new position in Ruth’s Hospitality Group in the fourth quarter valued at about $185,000. Finally, BNP Paribas Arbitrage SA grew its position in Ruth’s Hospitality Group by 128.4% in the first quarter. BNP Paribas Arbitrage SA now owns 9,414 shares of the restaurant operator’s stock valued at $241,000 after acquiring an additional 5,293 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.
Ruth’s Hospitality Group Company Profile
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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