Equities research analysts expect that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will announce $53.90 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ruth’s Hospitality Group’s earnings, with the lowest sales estimate coming in at $51.80 million and the highest estimate coming in at $55.13 million. Ruth’s Hospitality Group reported sales of $103.01 million during the same quarter last year, which would suggest a negative year over year growth rate of 47.7%. The firm is expected to announce its next earnings results on Friday, November 6th.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full-year sales of $271.43 million for the current financial year, with estimates ranging from $255.20 million to $285.14 million. For the next fiscal year, analysts anticipate that the firm will report sales of $360.34 million, with estimates ranging from $331.50 million to $376.38 million. Zacks’ sales averages are an average based on a survey of research firms that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, July 31st. The restaurant operator reported ($0.48) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.02. Ruth’s Hospitality Group had a negative net margin of 0.65% and a positive return on equity of 8.41%. The firm had revenue of $28.42 million for the quarter, compared to analysts’ expectations of $29.52 million.

RUTH has been the topic of several research analyst reports. Raymond James increased their price target on shares of Ruth’s Hospitality Group from $10.00 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, September 1st. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Friday, September 11th. ValuEngine upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd. BidaskClub upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Finally, Stephens increased their price objective on shares of Ruth’s Hospitality Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.79.

RUTH opened at $12.22 on Thursday. Ruth’s Hospitality Group has a one year low of $2.32 and a one year high of $25.77. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.27 and a quick ratio of 1.19. The company’s 50 day simple moving average is $9.29 and its 200-day simple moving average is $9.26. The stock has a market capitalization of $426.76 million, a P/E ratio of -203.67 and a beta of 2.08.

A number of institutional investors and hedge funds have recently bought and sold shares of RUTH. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ruth’s Hospitality Group by 204.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,790 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 2,545 shares during the period. Private Advisor Group LLC acquired a new stake in Ruth’s Hospitality Group in the second quarter worth $31,000. Global Retirement Partners LLC acquired a new stake in Ruth’s Hospitality Group in the second quarter worth $51,000. BNP Paribas Arbitrage SA raised its holdings in Ruth’s Hospitality Group by 19.4% in the first quarter. BNP Paribas Arbitrage SA now owns 10,984 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 1,786 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in Ruth’s Hospitality Group in the second quarter worth $82,000. Institutional investors own 63.40% of the company’s stock.

Ruth’s Hospitality Group Company Profile

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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Earnings History and Estimates for Ruth`s Hospitality Group (NASDAQ:RUTH)

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