Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Receives $26.00 Consensus Target Price from Brokerages

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) have earned an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $26.00.

A number of equities analysts have commented on RUTH shares. BidaskClub downgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a research note on Friday, September 20th. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th. Finally, Piper Jaffray Companies reduced their target price on shares of Ruth’s Hospitality Group from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th.

RUTH stock traded up $0.14 during trading on Friday, reaching $20.16. 139,870 shares of the stock were exchanged, compared to its average volume of 214,348. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 2.57. The business has a 50 day moving average price of $19.87 and a 200-day moving average price of $23.00. Ruth’s Hospitality Group has a 1 year low of $18.88 and a 1 year high of $31.67. The firm has a market capitalization of $607.25 million, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.07 and a beta of 0.63.



Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its earnings results on Friday, August 2nd. The restaurant operator reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. The company had revenue of $110.24 million for the quarter, compared to the consensus estimate of $112.41 million. On average, research analysts anticipate that Ruth’s Hospitality Group will post 1.37 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Wednesday, August 21st. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 37.41%.

Several institutional investors have recently added to or reduced their stakes in RUTH. Advisors Preferred LLC bought a new position in shares of Ruth’s Hospitality Group in the 2nd quarter valued at $25,000. Tower Research Capital LLC TRC acquired a new position in shares of Ruth’s Hospitality Group in the 2nd quarter valued at about $42,000. Pacer Advisors Inc. acquired a new position in shares of Ruth’s Hospitality Group in the 2nd quarter valued at about $163,000. BNP Paribas Arbitrage SA lifted its stake in shares of Ruth’s Hospitality Group by 128.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,414 shares of the restaurant operator’s stock valued at $241,000 after purchasing an additional 5,293 shares during the period. Finally, Intrust Bank NA acquired a new position in shares of Ruth’s Hospitality Group in the 1st quarter valued at about $264,000. 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.

Further Reading: Quiet Period Expirations Explained

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