Ruth’s Hospitality Group (NASDAQ:RUTH) Releases Quarterly Earnings Results, Hits Estimates

Ruth’s Hospitality Group (NASDAQ:RUTH) posted its quarterly earnings data on Friday. The restaurant operator reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31, Bloomberg Earnings reports. Ruth’s Hospitality Group had a net margin of 9.21% and a return on equity of 45.79%. The firm had revenue of $110.24 million for the quarter, compared to the consensus estimate of $112.41 million.

NASDAQ:RUTH traded down $1.42 during midday trading on Friday, hitting $20.84. The company’s stock had a trading volume of 499,969 shares, compared to its average volume of 122,765. Ruth’s Hospitality Group has a fifty-two week low of $20.43 and a fifty-two week high of $33.95. The company’s 50 day simple moving average is $22.45. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.20 and a current ratio of 0.30. The company has a market capitalization of $678.78 million, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.09 and a beta of 0.56.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Ruth’s Hospitality Group by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 504,533 shares of the restaurant operator’s stock worth $11,468,000 after purchasing an additional 7,674 shares in the last quarter. Geode Capital Management LLC grew its position in Ruth’s Hospitality Group by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 366,538 shares of the restaurant operator’s stock worth $8,331,000 after purchasing an additional 31,586 shares in the last quarter. Bank of America Corp DE grew its position in Ruth’s Hospitality Group by 2.9% in the 4th quarter. Bank of America Corp DE now owns 475,398 shares of the restaurant operator’s stock worth $10,805,000 after purchasing an additional 13,500 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Ruth’s Hospitality Group by 25.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 86,845 shares of the restaurant operator’s stock valued at $1,974,000 after acquiring an additional 17,667 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Ruth’s Hospitality Group in the fourth quarter valued at about $891,000. Institutional investors own 81.98% of the company’s stock.

Several equities analysts have recently issued reports on RUTH shares. BidaskClub upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. ValuEngine downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. Finally, Stephens initiated coverage on shares of Ruth’s Hospitality Group in a report on Wednesday, April 17th. They issued an “equal weight” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.00.

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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Earnings History for Ruth`s Hospitality Group (NASDAQ:RUTH)

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