Ruth’s Hospitality Group (NASDAQ:RUTH) had its target price cut by equities research analysts at Citigroup from $33.00 to $30.00 in a report released on Monday. The firm presently has a “hold” rating on the restaurant operator’s stock. Citigroup’s price target suggests a potential upside of 8.30% from the stock’s previous close.

RUTH has been the topic of a number of other research reports. BidaskClub lowered Ruth’s Hospitality Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, August 15th. Finally, Raymond James lowered Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a report on Monday, August 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.33.

RUTH stock opened at $27.70 on Monday. Ruth’s Hospitality Group has a twelve month low of $19.55 and a twelve month high of $33.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.27 and a current ratio of 0.39. The company has a market capitalization of $849.41 million, a PE ratio of 25.18, a P/E/G ratio of 1.41 and a beta of 0.58.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, November 2nd. The restaurant operator reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Ruth’s Hospitality Group had a return on equity of 47.19% and a net margin of 8.10%. The company had revenue of $99.02 million for the quarter, compared to analyst estimates of $95.85 million. During the same quarter last year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. Equities research analysts anticipate that Ruth’s Hospitality Group will post 1.38 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. HL Financial Services LLC increased its position in shares of Ruth’s Hospitality Group by 15.0% during the second quarter. HL Financial Services LLC now owns 13,812 shares of the restaurant operator’s stock valued at $387,000 after acquiring an additional 1,797 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Ruth’s Hospitality Group by 2.5% during the second quarter. Victory Capital Management Inc. now owns 90,643 shares of the restaurant operator’s stock valued at $2,542,000 after acquiring an additional 2,249 shares during the last quarter. Legal & General Group Plc increased its position in shares of Ruth’s Hospitality Group by 4.2% during the second quarter. Legal & General Group Plc now owns 56,848 shares of the restaurant operator’s stock valued at $1,599,000 after acquiring an additional 2,304 shares during the last quarter. Sawgrass Asset Management LLC increased its position in shares of Ruth’s Hospitality Group by 16.6% during the second quarter. Sawgrass Asset Management LLC now owns 20,000 shares of the restaurant operator’s stock valued at $561,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of Ruth’s Hospitality Group during the third quarter valued at approximately $101,000. 86.40% of the stock is owned by institutional investors.

About Ruth’s Hospitality Group

Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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