Raymond James Financial Inc. upgraded shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) from a market perform rating to an outperform rating in a research report report published on Tuesday morning. The brokerage currently has $17.00 target price on the stock.

RUTH has been the topic of a number of other research reports. Zacks Investment Research upgraded Ruth’s Hospitality Group from a sell rating to a hold rating in a research note on Saturday, September 24th. Deutsche Bank AG restated a buy rating on shares of Ruth’s Hospitality Group in a research note on Wednesday, August 10th. Finally, Jefferies Group cut Ruth’s Hospitality Group from a buy rating to a hold rating and set a $17.00 price objective on the stock. in a research note on Tuesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $17.75.

Shares of Ruth’s Hospitality Group (NASDAQ:RUTH) opened at 14.35 on Tuesday. The firm has a market capitalization of $451.03 million, a PE ratio of 16.31 and a beta of 0.71. The company has a 50 day moving average price of $14.69 and a 200-day moving average price of $15.95. Ruth’s Hospitality Group has a 12 month low of $13.74 and a 12 month high of $18.78.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. The company had revenue of $92.65 million for the quarter, compared to analyst estimates of $92.88 million. Ruth’s Hospitality Group had a return on equity of 31.58% and a net margin of 7.84%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. Equities research analysts expect that Ruth’s Hospitality Group will post $0.93 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Mason Street Advisors LLC acquired a new stake in shares of Ruth’s Hospitality Group during the second quarter worth about $105,000. BNP Paribas Arbitrage SA raised its stake in shares of Ruth’s Hospitality Group by 112.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,509 shares of the company’s stock valued at $168,000 after buying an additional 5,567 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at $168,000. Neuberger Berman Group LLC purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at $172,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at $174,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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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