Ruth’s Hospitality Group (NASDAQ:RUTH) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a strong sell rating to a sell rating in a report released on Friday, BidAskClub reports.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a buy rating to a hold rating in a research note on Friday, August 9th. ValuEngine cut shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $28.00.

Shares of RUTH opened at $20.07 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.25 and a current ratio of 0.34. The stock has a market capitalization of $604.69 million, a P/E ratio of 14.44, a P/E/G ratio of 1.01 and a beta of 0.63. The company’s fifty day moving average is $20.19 and its two-hundred day moving average is $23.26. Ruth’s Hospitality Group has a 1 year low of $18.88 and a 1 year high of $31.67.



Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, August 2nd. The restaurant operator reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $110.24 million for the quarter, compared to analysts’ expectations of $112.41 million. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. Sell-side analysts predict that Ruth’s Hospitality Group will post 1.4 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.52 annualized dividend and a dividend yield of 2.59%. Ruth’s Hospitality Group’s payout ratio is currently 37.41%.

Several hedge funds and other institutional investors have recently modified their holdings of RUTH. Advisors Preferred LLC purchased a new stake in shares of Ruth’s Hospitality Group during the 2nd quarter worth $25,000. Tower Research Capital LLC TRC purchased a new stake in shares of Ruth’s Hospitality Group during the 2nd quarter worth $42,000. Pacer Advisors Inc. purchased a new stake in shares of Ruth’s Hospitality Group during the 2nd quarter worth $163,000. BNP Paribas Arbitrage SA boosted its position in shares of Ruth’s Hospitality Group by 128.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,414 shares of the restaurant operator’s stock worth $241,000 after purchasing an additional 5,293 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Ruth’s Hospitality Group by 412.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 11,333 shares of the restaurant operator’s stock worth $257,000 after buying an additional 9,123 shares in the last quarter. Institutional investors own 82.86% of the company’s stock.

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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