Ruth’s Hospitality Group (NASDAQ:RUTH) Announces Earnings Results

Ruth’s Hospitality Group (NASDAQ:RUTH) issued its earnings results on Friday. The restaurant operator reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31, Bloomberg Earnings reports. The company had revenue of $110.24 million during the quarter, compared to the consensus estimate of $112.41 million. Ruth’s Hospitality Group had a return on equity of 45.79% and a net margin of 9.21%.

Shares of NASDAQ RUTH traded down $1.42 during midday trading on Friday, hitting $20.84. 499,969 shares of the company’s stock were exchanged, compared to its average volume of 122,765. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.20 and a current ratio of 0.30. The business’s 50 day moving average is $22.45. The stock has a market cap of $678.78 million, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.09 and a beta of 0.56. Ruth’s Hospitality Group has a twelve month low of $20.43 and a twelve month high of $33.95.

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

Several hedge funds and other institutional investors have recently modified their holdings of RUTH. Swiss National Bank raised its position in Ruth’s Hospitality Group by 2.1% in the second quarter. Swiss National Bank now owns 54,500 shares of the restaurant operator’s stock worth $1,238,000 after purchasing an additional 1,100 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Ruth’s Hospitality Group by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 50,462 shares of the restaurant operator’s stock worth $1,146,000 after purchasing an additional 7,659 shares in the last quarter. Dupont Capital Management Corp raised its position in Ruth’s Hospitality Group by 4.1% in the second quarter. Dupont Capital Management Corp now owns 69,886 shares of the restaurant operator’s stock worth $1,587,000 after purchasing an additional 2,776 shares in the last quarter. SG Americas Securities LLC raised its position in Ruth’s Hospitality Group by 271.6% in the second quarter. SG Americas Securities LLC now owns 63,488 shares of the restaurant operator’s stock worth $1,442,000 after purchasing an additional 46,402 shares in the last quarter. Finally, Bowling Portfolio Management LLC acquired a new position in Ruth’s Hospitality Group in the second quarter worth about $1,299,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

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 for Ruth`s Hospitality Group (NASDAQ:RUTH)

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