Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) declared a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Shareholders of record on Thursday, August 10th will be given a dividend of 0.09 per share by the restaurant operator on Thursday, August 24th. This represents a $0.36 annualized dividend and a yield of 1.81%. The ex-dividend date is Tuesday, August 8th.
Ruth’s Hospitality Group (NASDAQ RUTH) traded up 0.96% during trading on Tuesday, reaching $19.95. 17,532 shares of the company’s stock traded hands. The stock has a market capitalization of $606.62 million, a P/E ratio of 19.71 and a beta of 0.29. Ruth’s Hospitality Group has a 1-year low of $13.74 and a 1-year high of $22.65. The stock has a 50-day moving average price of $21.37 and a 200 day moving average price of $19.86.
Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $100 million during the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. Equities research analysts expect that Ruth’s Hospitality Group will post $1.07 earnings per share for the current year.
In related news, Director Alan Vituli sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $21.16, for a total value of $63,480.00. Following the sale, the director now directly owns 23,837 shares in the company, valued at approximately $504,390.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael P. Odonnell sold 81,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total transaction of $1,721,890.00. Following the completion of the sale, the chief executive officer now owns 1,194,524 shares in the company, valued at $25,144,730.20. The disclosure for this sale can be found here. Insiders have sold a total of 87,800 shares of company stock worth $1,848,970 over the last 90 days. 6.74% of the stock is owned by insiders.
Several research analysts have recently commented on RUTH shares. Citigroup Inc. reaffirmed a “neutral” rating and issued a $22.00 price target (up from $20.00) on shares of Ruth’s Hospitality Group in a report on Monday, May 15th. BidaskClub lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of Ruth’s Hospitality Group in a report on Sunday, July 30th. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $24.00 target price (up from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Ruth’s Hospitality Group currently has an average rating of “Hold” and an average price target of $21.60.
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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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