Ruth’s Hospitality Group (NASDAQ:RUTH) posted its earnings results on Friday. The restaurant operator reported ($0.48) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.02, MarketWatch Earnings reports. The firm had revenue of $28.42 million for the quarter, compared to analyst estimates of $29.52 million. Ruth’s Hospitality Group had a return on equity of 35.35% and a net margin of 5.36%.
Shares of NASDAQ RUTH opened at $6.70 on Friday. The business has a 50-day moving average of $7.83 and a two-hundred day moving average of $11.84. The company has a market capitalization of $191.38 million, a price-to-earnings ratio of 23.91 and a beta of 1.94. Ruth’s Hospitality Group has a 1 year low of $2.32 and a 1 year high of $25.77. The company has a debt-to-equity ratio of 4.97, a current ratio of 0.99 and a quick ratio of 0.90.
Several research analysts have recently commented on RUTH shares. Raymond James raised their price objective on shares of Ruth’s Hospitality Group from $11.00 to $11.50 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 24th. ValuEngine upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 2nd. Jefferies Financial Group lifted their target price on Ruth’s Hospitality Group from $6.00 to $9.25 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Finally, Stephens boosted their target price on Ruth’s Hospitality Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.63.
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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