Ruth’s Hospitality Group (RUTH) Stock Rating Lowered by BidaskClub

Ruth’s Hospitality Group (NASDAQ:RUTH) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Monday, February 4th.

Several other equities analysts also recently commented on RUTH. ValuEngine downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Citigroup reduced their price objective on shares of Ruth’s Hospitality Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday, November 12th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $32.00.

Shares of RUTH opened at $26.08 on Monday. The stock has a market capitalization of $779.16 million, a PE ratio of 18.76, a P/E/G ratio of 1.20 and a beta of 0.47. Ruth’s Hospitality Group has a fifty-two week low of $21.70 and a fifty-two week high of $33.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.27 and a current ratio of 0.39.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings results on Friday, February 22nd. The restaurant operator reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Ruth’s Hospitality Group had a net margin of 8.10% and a return on equity of 47.19%. The business had revenue of $127.16 million for the quarter, compared to the consensus estimate of $126.83 million. During the same period in the prior year, the company posted $0.44 earnings per share. Ruth’s Hospitality Group’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Ruth’s Hospitality Group will post 1.46 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of RUTH. Quantamental Technologies LLC bought a new position in Ruth’s Hospitality Group in the 4th quarter valued at approximately $84,000. Ancora Advisors LLC bought a new position in Ruth’s Hospitality Group in the 3rd quarter valued at approximately $101,000. Municipal Employees Retirement System of Michigan bought a new position in Ruth’s Hospitality Group in the 4th quarter valued at approximately $185,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Ruth’s Hospitality Group in the 3rd quarter valued at approximately $215,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Ruth’s Hospitality Group by 349.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,326 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 8,027 shares during the last quarter. 81.36% of the stock is owned by hedge funds and other 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. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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