Zacks Investment Research upgraded shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) from a sell rating to a hold rating in a report released on Tuesday 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 analysts have also recently commented on the stock. Deutsche Bank AG restated a buy rating on shares of Ruth’s Hospitality Group in a report on Wednesday, August 10th. Jefferies Group cut shares of Ruth’s Hospitality Group from a buy rating to a hold rating and set a $17.00 price target on the stock. in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $18.00.

Shares of Ruth’s Hospitality Group (NASDAQ:RUTH) traded up 0.57% on Tuesday, hitting $14.07. 76,929 shares of the stock were exchanged. The stock has a market cap of $442.23 million, a price-to-earnings ratio of 15.99 and a beta of 0.71. The stock’s 50-day moving average is $14.84 and its 200-day moving average is $16.11. Ruth’s Hospitality Group has a 1-year low of $13.74 and a 1-year high of $18.78.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, July 29th. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. Ruth’s Hospitality Group had a net margin of 7.84% and a return on equity of 31.58%. The business had revenue of $92.65 million for the quarter, compared to the consensus estimate of $92.88 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts forecast that Ruth’s Hospitality Group will post $0.93 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of RUTH. Arizona State Retirement System increased its stake in shares of Ruth’s Hospitality Group by 1.2% in the second quarter. Arizona State Retirement System now owns 17,474 shares of the company’s stock worth $279,000 after buying an additional 200 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Ruth’s Hospitality Group by 0.9% in the second quarter. Suntrust Banks Inc. now owns 34,406 shares of the company’s stock worth $548,000 after buying an additional 310 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of Ruth’s Hospitality Group by 4.6% in the second quarter. BlackRock Advisors LLC now owns 17,031 shares of the company’s stock worth $272,000 after buying an additional 745 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Ruth’s Hospitality Group by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 145,440 shares of the company’s stock worth $2,320,000 after buying an additional 1,020 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in shares of Ruth’s Hospitality Group by 1.0% in the second quarter. Martingale Asset Management L P now owns 112,696 shares of the company’s stock worth $1,798,000 after buying an additional 1,080 shares in the last quarter. Institutional investors own 84.92% of the company’s stock.

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: the Company-owned steakhouse restaurant segment and the franchise operations segment. The Company’s Ruth’s Chris restaurants cater to special occasion diners and frequent customers, in addition to the business clientele.

5 Day Chart for NASDAQ:RUTH

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