Ruth’s Hospitality Group (RUTH) Scheduled to Post Quarterly Earnings on Friday

Ruth’s Hospitality Group (NASDAQ:RUTH) will issue its quarterly earnings data before the market opens on Friday, November 2nd. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, August 10th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $109.70 million during the quarter, compared to analysts’ expectations of $111.72 million. Ruth’s Hospitality Group had a return on equity of 45.99% and a net margin of 7.92%. Ruth’s Hospitality Group’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. On average, analysts expect Ruth’s Hospitality Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of RUTH stock opened at $27.03 on Thursday. The firm has a market cap of $846.34 million, a P/E ratio of 24.57, a PEG ratio of 1.37 and a beta of 0.36. Ruth’s Hospitality Group has a 1 year low of $19.45 and a 1 year high of $33.95. The company has a quick ratio of 0.25, a current ratio of 0.37 and a debt-to-equity ratio of 0.57.

RUTH has been the subject of several research reports. Zacks Investment Research raised Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, August 15th. Raymond James cut Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a report on Monday, August 13th. Finally, BidaskClub cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.67.

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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Earnings History for Ruth`s Hospitality Group (NASDAQ:RUTH)

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