Ruth’s Hospitality Group, Inc. (RUTH) Receives $28.00 Average PT from Analysts

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) have been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $28.00.

A number of brokerages have recently issued reports on RUTH. Zacks Investment Research cut Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. BidaskClub upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Finally, Stephens began coverage on Ruth’s Hospitality Group in a research note on Wednesday, April 17th. They set an “equal weight” rating and a $28.00 price objective on the stock.

A number of institutional investors and hedge funds have recently bought and sold shares of RUTH. Bank of New York Mellon Corp raised its stake in Ruth’s Hospitality Group by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 496,859 shares of the restaurant operator’s stock valued at $15,676,000 after acquiring an additional 21,335 shares during the period. MetLife Investment Advisors LLC raised its stake in Ruth’s Hospitality Group by 61.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 21,054 shares of the restaurant operator’s stock valued at $664,000 after acquiring an additional 8,027 shares during the period. Legal & General Group Plc raised its stake in Ruth’s Hospitality Group by 6.8% in the 3rd quarter. Legal & General Group Plc now owns 60,687 shares of the restaurant operator’s stock valued at $1,912,000 after acquiring an additional 3,839 shares during the period. Morgan Stanley raised its stake in Ruth’s Hospitality Group by 32.3% in the 3rd quarter. Morgan Stanley now owns 396,250 shares of the restaurant operator’s stock valued at $12,501,000 after acquiring an additional 96,784 shares during the period. Finally, Bank of Montreal Can raised its stake in Ruth’s Hospitality Group by 30.3% in the 4th quarter. Bank of Montreal Can now owns 31,059 shares of the restaurant operator’s stock valued at $705,000 after acquiring an additional 7,215 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

NASDAQ RUTH opened at $25.00 on Friday. Ruth’s Hospitality Group has a 52 week low of $21.70 and a 52 week high of $33.95. The company has a market capitalization of $776.93 million, a price-to-earnings ratio of 18.21, a PEG ratio of 1.27 and a beta of 0.54. The company has a current ratio of 0.30, a quick ratio of 0.20 and a debt-to-equity ratio of 2.20.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $119.70 million for the quarter, compared to analysts’ expectations of $119.61 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts expect that Ruth’s Hospitality Group will post 1.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, May 22nd. Ruth’s Hospitality Group’s dividend payout ratio is currently 37.41%.

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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