BidaskClub upgraded shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) from a strong sell rating to a sell rating in a research report released on Monday.

Several other brokerages have also recently weighed in on RUTH. Citigroup Inc. reissued a neutral rating and set a $22.00 price target (up previously from $20.00) on shares of Ruth’s Hospitality Group in a research report on Monday, May 15th. Jefferies Group LLC reissued a hold rating and set a $20.00 price target on shares of Ruth’s Hospitality Group in a research report on Sunday, July 30th. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research report on Wednesday, April 26th. Deutsche Bank AG reissued a buy rating and set a $24.00 price target (up previously from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. reissued a market perform rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $21.60.

Ruth’s Hospitality Group (NASDAQ:RUTH) opened at 20.05 on Monday. The firm’s 50-day moving average is $20.66 and its 200 day moving average is $20.04. Ruth’s Hospitality Group has a 52-week low of $13.74 and a 52-week high of $22.65. The company has a market cap of $609.66 million, a price-to-earnings ratio of 19.81 and a beta of 0.29.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $100 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. On average, equities research analysts predict that Ruth’s Hospitality Group will post $1.07 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. Ruth’s Hospitality Group’s payout ratio is 35.64%.

A number of hedge funds and other institutional investors have recently bought and sold shares of RUTH. Opus Capital Group LLC boosted its position in Ruth’s Hospitality Group by 0.3% in the first quarter. Opus Capital Group LLC now owns 14,116 shares of the restaurant operator’s stock worth $283,000 after buying an additional 48 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Ruth’s Hospitality Group by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the restaurant operator’s stock worth $243,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in Ruth’s Hospitality Group by 1.3% in the first quarter. Arizona State Retirement System now owns 15,474 shares of the restaurant operator’s stock worth $310,000 after buying an additional 200 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Ruth’s Hospitality Group by 0.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,235 shares of the restaurant operator’s stock worth $1,027,000 after buying an additional 200 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in Ruth’s Hospitality Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 21,730 shares of the restaurant operator’s stock worth $473,000 after buying an additional 259 shares during the last quarter. 85.61% of the stock is currently owned by 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.

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