News stories about Ruth's Hospitality Group (NASDAQ:RUTH) have been trending positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ruth's Hospitality Group earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 47.7967267654158 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Dimension Development Named Management Company of the Year by Apple Hospitality REIT for Exceptional Hotel Management in 2017 (bizjournals.com)
- Ruth's Hospitality Group, Inc. (RUTH) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- FHG And Marathon Petroleum Group Open Hancock Hotel (hotelinteractive.com)
- Invest in These 5 Stocks Powered by Relative Price Strength (finance.yahoo.com)
- Ruth's Hospitality Group (RUTH) Raised to “Strong-Buy” at Zacks Investment Research (americanbankingnews.com)
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Ruth's Hospitality Group from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Thursday, March 8th. BidaskClub raised shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Deutsche Bank cut shares of Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Citigroup increased their target price on shares of Ruth's Hospitality Group from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, ValuEngine raised shares of Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ruth's Hospitality Group presently has an average rating of “Buy” and an average target price of $24.80.
Ruth's Hospitality Group (NASDAQ:RUTH) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. Ruth's Hospitality Group had a net margin of 7.26% and a return on equity of 40.01%. The company had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $123.44 million. During the same period last year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. equities research analysts anticipate that Ruth's Hospitality Group will post 1.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This is a boost from Ruth's Hospitality Group’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 1.77%. Ruth's Hospitality Group’s dividend payout ratio (DPR) is 45.83%.
In other news, SVP Susan Mirdamadi sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $24.80, for a total transaction of $198,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 343,617 shares of the company’s stock, valued at $7,377,456.99. The disclosure for this sale can be found here. Company insiders own 7.45% of the company’s stock.
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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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