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

Ruth’s Hospitality Group (NASDAQ:RUTH) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, BidAskClub reports.

RUTH has been the subject of several other research reports. Stephens assumed coverage on Ruth’s Hospitality Group in a report on Wednesday, April 17th. They issued an “equal weight” rating and a $28.00 price target for the company. ValuEngine lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $30.00.

Shares of RUTH traded down $1.12 on Wednesday, reaching $21.14. The company’s stock had a trading volume of 5,634 shares, compared to its average volume of 114,054. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 2.20. Ruth’s Hospitality Group has a twelve month low of $21.70 and a twelve month high of $33.95. The firm has a market cap of $691.28 million, a PE ratio of 15.12, a PEG ratio of 1.11 and a beta of 0.59. The company has a fifty day moving average of $22.49.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Ruth’s Hospitality Group had a return on equity of 45.79% and a net margin of 9.21%. The business had revenue of $119.70 million during the quarter, compared to analysts’ expectations of $119.61 million. During the same quarter last year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that Ruth’s Hospitality Group will post 1.43 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Wedge Capital Management L L P NC increased its stake in Ruth’s Hospitality Group by 21.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 82,180 shares of the restaurant operator’s stock worth $2,103,000 after buying an additional 14,711 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ruth’s Hospitality Group by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 366,538 shares of the restaurant operator’s stock worth $8,331,000 after purchasing an additional 31,586 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ruth’s Hospitality Group by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 504,533 shares of the restaurant operator’s stock worth $11,468,000 after purchasing an additional 7,674 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Ruth’s Hospitality Group by 42.8% in the 4th quarter. Two Sigma Advisers LP now owns 185,938 shares of the restaurant operator’s stock worth $4,226,000 after purchasing an additional 55,700 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Ruth’s Hospitality Group in the 4th quarter worth approximately $891,000. Institutional investors own 81.98% 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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