Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) reached a new 52-week high during mid-day trading on Tuesday after Raymond James raised their price target on the stock from $28.00 to $31.00. Raymond James currently has a strong-buy rating on the stock. Ruth’s Hospitality Group traded as high as $27.10 and last traded at $27.05, with a volume of 507987 shares trading hands. The stock had previously closed at $26.27.
RUTH has been the subject of several other research reports. Stephens increased their target price on shares of Ruth’s Hospitality Group from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, April 26th. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 11th.
In other Ruth’s Hospitality Group news, Director Michael P. Odonnell sold 200,000 shares of Ruth’s Hospitality Group stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $24.90, for a total value of $4,980,000.00. 7.20% of the stock is currently owned by insiders.
The company has a market cap of $947.13 million, a price-to-earnings ratio of -73.11, a price-to-earnings-growth ratio of 2.30 and a beta of 2.31. The stock’s fifty day simple moving average is $24.84 and its two-hundred day simple moving average is $19.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.24 and a current ratio of 1.31.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, March 5th. The restaurant operator reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The company had revenue of $77.37 million for the quarter, compared to analyst estimates of $75.22 million. Ruth’s Hospitality Group had a negative net margin of 3.65% and a positive return on equity of 1.70%. Analysts predict that Ruth’s Hospitality Group, Inc. will post -0.38 EPS for the current fiscal year.
Ruth’s Hospitality Group Company Profile (NASDAQ:RUTH)
Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. The company's restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.
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