Ruth’s Hospitality Group, Inc. (RUTH) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) from a strong sell rating to a sell rating in a research report report published on Monday.

A number of other brokerages also recently commented on RUTH. Citigroup Inc. reissued a neutral rating and set a $22.00 price objective (up from $20.00) on shares of Ruth’s Hospitality Group in a research report on Monday, May 15th. Jefferies Group LLC reissued a hold rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a research report on Sunday, July 30th. Zacks Investment Research downgraded Ruth’s Hospitality Group from a hold rating to a sell rating in a research report on Wednesday, April 26th. Deutsche Bank AG reissued a buy rating and set a $24.00 price objective (up from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. reissued a market perform rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $21.60.

Ruth’s Hospitality Group (NASDAQ:RUTH) opened at 19.90 on Monday. The firm’s 50-day moving average is $20.60 and its 200 day moving average is $20.04. Ruth’s Hospitality Group has a one year low of $13.74 and a one year high of $22.65. The company has a market capitalization of $605.10 million, a PE ratio of 19.66 and a beta of 0.29.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The business had revenue of $100 million during the quarter, compared to the consensus estimate of $99.34 million. During the same period in the previous year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts expect that Ruth’s Hospitality Group will post $1.07 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 35.64%.

A number of institutional investors have recently made changes to their positions in RUTH. Opus Capital Group LLC increased its position in shares of Ruth’s Hospitality Group by 0.3% in the first quarter. Opus Capital Group LLC now owns 14,116 shares of the restaurant operator’s stock worth $283,000 after buying an additional 48 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Ruth’s Hospitality Group by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the restaurant operator’s stock worth $243,000 after buying an additional 200 shares during the period. Arizona State Retirement System increased its position in shares of Ruth’s Hospitality Group by 1.3% in the first quarter. Arizona State Retirement System now owns 15,474 shares of the restaurant operator’s stock worth $310,000 after buying an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ruth’s Hospitality Group by 0.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,235 shares of the restaurant operator’s stock worth $1,027,000 after buying an additional 200 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Ruth’s Hospitality Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 21,730 shares of the restaurant operator’s stock worth $473,000 after buying an additional 259 shares during the period. 85.61% of the stock is owned by hedge funds and other institutional investors.

Ruth’s Hospitality Group Company Profile

Ruth’s Hospitality Group, Inc develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

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