Ruth’s Hospitality Group, Inc. (RUTH) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) from a sell rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter. “

A number of other research analysts have also weighed in on RUTH. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a hold rating and issued a $20.00 price target on shares of Ruth’s Hospitality Group in a research note on Thursday, August 31st. Finally, BidaskClub lowered shares of Ruth’s Hospitality Group from a sell rating to a strong sell rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $22.00.

Ruth’s Hospitality Group (NASDAQ:RUTH) traded up $0.20 during trading hours on Thursday, hitting $19.90. The stock had a trading volume of 142,400 shares, compared to its average volume of 224,863. Ruth’s Hospitality Group has a 52-week low of $15.75 and a 52-week high of $22.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.41 and a quick ratio of 0.29. The firm has a market cap of $622.44, a PE ratio of 20.73, a PEG ratio of 1.34 and a beta of 0.34.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, November 3rd. The restaurant operator reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). Ruth’s Hospitality Group had a net margin of 7.47% and a return on equity of 35.46%. The business had revenue of $85.16 million for the quarter, compared to analyst estimates of $87.20 million. During the same quarter last year, the business earned $0.10 earnings per share. Ruth’s Hospitality Group’s revenue was up 1.7% on a year-over-year basis. equities research analysts expect that Ruth’s Hospitality Group will post 1.05 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Ruth’s Hospitality Group, Inc. (RUTH) Rating Increased to Hold at Zacks Investment Research” was reported by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.themarketsdaily.com/2017/11/13/ruths-hospitality-group-inc-ruth-rating-increased-to-hold-at-zacks-investment-research.html.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This is a positive change from Ruth’s Hospitality Group’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 1.81%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is currently 37.90%.

Ruth’s Hospitality Group declared that its Board of Directors has authorized a share buyback plan on Friday, November 3rd that authorizes the company to repurchase $60.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of RUTH. Principal Financial Group Inc. lifted its stake in Ruth’s Hospitality Group by 227.5% in the 2nd quarter. Principal Financial Group Inc. now owns 775,973 shares of the restaurant operator’s stock valued at $16,877,000 after buying an additional 539,034 shares in the last quarter. BlackRock Inc. lifted its stake in Ruth’s Hospitality Group by 10.0% in the 2nd quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock worth $93,252,000 after purchasing an additional 389,525 shares in the last quarter. Bank of America Corp DE lifted its stake in Ruth’s Hospitality Group by 143.4% in the 1st quarter. Bank of America Corp DE now owns 493,384 shares of the restaurant operator’s stock worth $9,893,000 after purchasing an additional 290,659 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Ruth’s Hospitality Group by 73.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 363,630 shares of the restaurant operator’s stock worth $7,618,000 after purchasing an additional 153,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Ruth’s Hospitality Group by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,448 shares of the restaurant operator’s stock worth $30,685,000 after purchasing an additional 149,947 shares in the last quarter. 79.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on Ruth’s Hospitality Group (RUTH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ruth's Hospitality Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruth's Hospitality Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply