Ruth’s Hospitality Group (NASDAQ:RUTH) Price Target Cut to $22.00 by Analysts at Piper Jaffray Companies

Ruth’s Hospitality Group (NASDAQ:RUTH) had its target price reduced by Piper Jaffray Companies from $29.00 to $22.00 in a research note released on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock. Piper Jaffray Companies also issued estimates for Ruth’s Hospitality Group’s Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $1.41 EPS, Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.32 EPS, Q3 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.55 EPS and FY2020 earnings at $1.45 EPS.

A number of other brokerages have also weighed in on RUTH. ValuEngine lowered shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research note on Thursday, July 11th. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research note on Wednesday, September 18th. Finally, BidaskClub lowered shares of Ruth’s Hospitality Group from a sell rating to a strong sell rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Ruth’s Hospitality Group presently has an average rating of Hold and a consensus target price of $26.00.

Shares of RUTH opened at $20.09 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. Ruth’s Hospitality Group has a twelve month low of $18.88 and a twelve month high of $31.67. The firm’s 50 day moving average price is $19.89 and its two-hundred day moving average price is $23.05. The firm has a market cap of $605.29 million, a P/E ratio of 14.45, a PEG ratio of 1.01 and a beta of 0.63.



Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, August 2nd. The restaurant operator reported $0.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.31. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. The firm had revenue of $110.24 million for the quarter, compared to analyst estimates of $112.41 million. On average, sell-side analysts anticipate that Ruth’s Hospitality Group will post 1.37 earnings per share for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Ruth’s Hospitality Group by 4.6% in the second quarter. Royal Bank of Canada now owns 183,615 shares of the restaurant operator’s stock worth $4,170,000 after purchasing an additional 8,132 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Ruth’s Hospitality Group in the second quarter worth $8,513,000. Victory Capital Management Inc. lifted its position in shares of Ruth’s Hospitality Group by 9.8% in the second quarter. Victory Capital Management Inc. now owns 122,222 shares of the restaurant operator’s stock worth $2,776,000 after purchasing an additional 10,951 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Ruth’s Hospitality Group by 46.4% in the second quarter. Cubist Systematic Strategies LLC now owns 11,853 shares of the restaurant operator’s stock worth $269,000 after purchasing an additional 3,754 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Ruth’s Hospitality Group in the second quarter worth $2,551,000. 82.86% of the stock is currently owned by institutional investors and hedge funds.

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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