Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. 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 company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $22.00.

RUTH has been the subject of several analyst reports. Citigroup Inc. restated a “neutral” rating and issued a $22.00 price objective (up from $20.00) on shares of Ruth’s Hospitality Group in a research note on Monday, May 15th. BidaskClub lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price objective on shares of Ruth’s Hospitality Group in a research note on Sunday, July 30th. Zacks Investment Research lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $24.00 price objective (up from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th.

Ruth’s Hospitality Group (RUTH) traded up 1.80% during mid-day trading on Tuesday, hitting $19.80. The stock had a trading volume of 156,201 shares. Ruth’s Hospitality Group has a 12 month low of $13.74 and a 12 month high of $22.65. The firm’s 50-day moving average is $20.32 and its 200 day moving average is $20.15. The company has a market cap of $602.06 million, a price-to-earnings ratio of 19.57 and a beta of 0.29.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $100 million during the quarter, compared to analyst estimates of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. Ruth’s Hospitality Group’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. Equities analysts anticipate that Ruth’s Hospitality Group will post $1.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.82%. Ruth’s Hospitality Group’s payout ratio is presently 35.64%.

Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Ruth’s Hospitality Group by 10.0% in the second quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock worth $93,252,000 after buying an additional 389,525 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ruth’s Hospitality Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,378,750 shares of the restaurant operator’s stock worth $51,737,000 after buying an additional 44,441 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ruth’s Hospitality Group by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,628,865 shares of the restaurant operator’s stock worth $35,428,000 after buying an additional 98,417 shares during the last quarter. State Street Corp raised its stake in shares of Ruth’s Hospitality Group by 4.5% in the first quarter. State Street Corp now owns 901,073 shares of the restaurant operator’s stock worth $18,061,000 after buying an additional 38,941 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Ruth’s Hospitality Group by 1.1% in the first quarter. Wellington Management Group LLP now owns 891,570 shares of the restaurant operator’s stock worth $17,875,000 after buying an additional 10,074 shares during the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.

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About Ruth’s Hospitality Group

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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