Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Expected to Announce Earnings of $0.10 Per Share

Analysts forecast that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will announce earnings per share (EPS) of $0.10 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ruth’s Hospitality Group’s earnings, with estimates ranging from $0.07 to $0.14. Ruth’s Hospitality Group posted earnings of $0.13 per share during the same quarter last year, which suggests a negative year over year growth rate of 23.1%. The firm is scheduled to issue its next quarterly earnings results on Friday, November 1st.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.31 to $1.41. For the next financial year, analysts forecast that the firm will post earnings of $1.46 per share, with EPS estimates ranging from $1.40 to $1.51. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its earnings results on Friday, August 2nd. The restaurant operator reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. Ruth’s Hospitality Group had a return on equity of 44.15% and a net margin of 9.14%. The business had revenue of $110.24 million during the quarter, compared to the consensus estimate of $112.41 million.



A number of brokerages have issued reports on RUTH. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub downgraded Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a research note on Friday. ValuEngine downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th. Finally, Piper Jaffray Companies cut their target price on Ruth’s Hospitality Group from $29.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.00.

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

Shares of RUTH traded down $0.04 during midday trading on Tuesday, reaching $19.75. The company had a trading volume of 851,013 shares, compared to its average volume of 334,414. Ruth’s Hospitality Group has a 1-year low of $18.88 and a 1-year high of $31.67. The stock has a market cap of $596.24 million, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The firm has a 50 day simple moving average of $19.98 and a 200-day simple moving average of $23.14. The company has a quick ratio of 0.25, a current ratio of 0.34 and a debt-to-equity ratio of 2.57.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Wednesday, August 21st. Ruth’s Hospitality Group’s payout ratio is 37.41%.

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

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