Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) reached a new 52-week low during trading on Wednesday . The stock traded as low as $20.04 and last traded at $20.04, with a volume of 2441 shares traded. The stock had previously closed at $20.94.

Several analysts have recently commented on RUTH shares. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. BidaskClub cut shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine cut shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th. Finally, Stephens started coverage on shares of Ruth’s Hospitality Group in a research note on Wednesday, April 17th. They issued an “equal weight” rating and a $28.00 target price for the company. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Ruth’s Hospitality Group presently has an average rating of “Hold” and a consensus price target of $30.00.

The stock has a market cap of $631.80 million, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 1.04 and a beta of 0.56. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 2.57. The company has a 50 day simple moving average of $22.02.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, August 2nd. The restaurant operator reported $0.31 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. The company had revenue of $110.24 million during the quarter, compared to analysts’ expectations of $112.41 million. Research analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, August 21st. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 37.41%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter worth about $25,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ruth’s Hospitality Group in the second quarter worth approximately $42,000. Meeder Asset Management Inc. acquired a new stake in shares of Ruth’s Hospitality Group in the first quarter worth approximately $57,000. Pacer Advisors Inc. acquired a new stake in shares of Ruth’s Hospitality Group in the second quarter worth approximately $163,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Ruth’s Hospitality Group in the fourth quarter worth approximately $185,000. Institutional investors and hedge funds own 83.20% of the company’s stock.

About Ruth’s Hospitality Group (NASDAQ:RUTH)

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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