Shares of Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $25.00.
RUTH has been the topic of several research analyst reports. Zacks Investment Research raised Ruth's Hospitality Group from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Thursday, March 8th. Citigroup raised their target price on Ruth's Hospitality Group from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Raymond James Financial raised Ruth's Hospitality Group from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Monday, January 29th. BidaskClub raised Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Deutsche Bank lowered Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd.
In related news, COO Cheryl Janet Henry sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $21.47, for a total transaction of $386,460.00. Following the transaction, the chief operating officer now owns 343,617 shares in the company, valued at approximately $7,377,456.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Susan Mirdamadi sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $24.80, for a total value of $198,400.00. The disclosure for this sale can be found here. Company insiders own 7.45% of the company’s stock.
Shares of Ruth's Hospitality Group (RUTH) traded down $0.05 during midday trading on Friday, hitting $24.85. The stock had a trading volume of 53,655 shares, compared to its average volume of 256,986. The company has a quick ratio of 0.29, a current ratio of 0.41 and a debt-to-equity ratio of 0.37. Ruth's Hospitality Group has a 1-year low of $17.95 and a 1-year high of $25.50. The firm has a market cap of $778.83, a price-to-earnings ratio of 25.91, a PEG ratio of 1.31 and a beta of 0.34.
Ruth's Hospitality Group (NASDAQ:RUTH) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Ruth's Hospitality Group had a return on equity of 40.01% and a net margin of 7.26%. The business had revenue of $124.10 million for the quarter, compared to analyst estimates of $123.44 million. During the same quarter last year, the company earned $0.31 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. sell-side analysts forecast that Ruth's Hospitality Group will post 1.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, March 7th. This is an increase from Ruth's Hospitality Group’s previous quarterly dividend of $0.09. Ruth's Hospitality Group’s dividend payout ratio (DPR) is currently 45.83%.
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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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