Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a research report issued on Thursday. They currently have a $20.00 target price on the restaurant operator’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 2.30% from the company’s previous close.

RUTH has been the subject of a number of other research reports. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and set a $24.00 target price (up previously from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. BidaskClub upgraded shares of Ruth’s Hospitality Group from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Citigroup Inc. restated a “neutral” rating and set a $22.00 target price (up previously from $20.00) on shares of Ruth’s Hospitality Group in a research report on Monday, May 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.60.

Ruth’s Hospitality Group (NASDAQ RUTH) traded up 0.26% during mid-day trading on Thursday, reaching $19.55. 124,066 shares of the company’s stock were exchanged. Ruth’s Hospitality Group has a 1-year low of $13.74 and a 1-year high of $22.65. The stock has a market capitalization of $594.46 million, a PE ratio of 19.32 and a beta of 0.29. The firm’s 50-day moving average is $20.32 and its 200 day moving average is $20.15.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $100 million for the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Analysts forecast that Ruth’s Hospitality Group will post $1.08 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in shares of Ruth’s Hospitality Group by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 5,826 shares of the restaurant operator’s stock worth $126,000 after buying an additional 2,536 shares during the last quarter. Mason Street Advisors LLC raised its position in Ruth’s Hospitality Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock worth $139,000 after buying an additional 455 shares in the last quarter. Advisor Group Inc. purchased a new position in Ruth’s Hospitality Group during the second quarter worth $150,000. BNP Paribas Arbitrage SA raised its position in Ruth’s Hospitality Group by 9.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the restaurant operator’s stock worth $158,000 after buying an additional 689 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Ruth’s Hospitality Group during the first quarter worth $184,000. Institutional investors own 81.82% of the company’s stock.

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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