Ruth’s Hospitality Group (NASDAQ:RUTH) had its price objective increased by Stephens from $13.00 to $19.00 in a report released on Thursday morning, AR Network reports. They currently have an overweight rating on the restaurant operator’s stock.
RUTH has been the subject of several other reports. BidaskClub raised shares of Ruth’s Hospitality Group from a hold rating to a buy rating in a report on Tuesday, December 22nd. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a buy rating to a hold rating in a report on Thursday. Finally, Raymond James lifted their target price on shares of Ruth’s Hospitality Group from $16.00 to $20.00 and gave the company a strong-buy rating in a report on Wednesday, December 2nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $15.05.
Shares of NASDAQ RUTH opened at $17.41 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 1.26. Ruth’s Hospitality Group has a 12 month low of $2.32 and a 12 month high of $24.42. The company has a 50 day simple moving average of $16.56 and a two-hundred day simple moving average of $11.60. The stock has a market cap of $607.61 million, a price-to-earnings ratio of -290.17 and a beta of 2.03.
Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, October 30th. The restaurant operator reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.15. The firm had revenue of $63.42 million during the quarter, compared to analyst estimates of $54.23 million. Ruth’s Hospitality Group had a negative net margin of 0.65% and a positive return on equity of 8.41%. Analysts forecast that Ruth’s Hospitality Group will post -0.56 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of RUTH. Balyasny Asset Management LLC purchased a new stake in Ruth’s Hospitality Group in the 2nd quarter worth $2,450,000. Royce & Associates LP grew its holdings in shares of Ruth’s Hospitality Group by 727.1% during the third quarter. Royce & Associates LP now owns 319,877 shares of the restaurant operator’s stock worth $3,538,000 after buying an additional 281,201 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Ruth’s Hospitality Group by 787.2% during the third quarter. Great West Life Assurance Co. Can now owns 302,508 shares of the restaurant operator’s stock worth $698,000 after buying an additional 268,410 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ruth’s Hospitality Group by 315.4% during the third quarter. Victory Capital Management Inc. now owns 260,919 shares of the restaurant operator’s stock worth $2,886,000 after buying an additional 198,108 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Ruth’s Hospitality Group by 3.8% during the third quarter. BlackRock Inc. now owns 4,873,726 shares of the restaurant operator’s stock worth $53,904,000 after buying an additional 180,181 shares in the last quarter. 63.40% of the stock is owned by institutional investors.
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. The company's restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.
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