Ruth's Hospitality Group, Inc. (RUTH) Expected to Post Earnings of $0.33 Per Share

Brokerages expect Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) to announce earnings per share of $0.33 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ruth's Hospitality Group’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.32. Ruth's Hospitality Group also reported earnings of $0.33 per share in the same quarter last year. The firm is scheduled to report its next quarterly earnings results before the market opens on Friday, May 5th.

On average, analysts expect that Ruth's Hospitality Group will report full year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.04 to $1.10. For the next financial year, analysts anticipate that the business will post earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.16. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Ruth's Hospitality Group.

Ruth's Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, February 17th. The restaurant operator reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The company earned $107.60 million during the quarter, compared to the consensus estimate of $108.54 million. Ruth's Hospitality Group had a net margin of 8.03% and a return on equity of 34.67%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share.

Several equities research analysts have recently commented on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ruth's Hospitality Group in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research raised shares of Ruth's Hospitality Group from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday. Jefferies Group LLC upped their price target on shares of Ruth's Hospitality Group from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, February 21st. Finally, Citigroup Inc upped their price target on shares of Ruth's Hospitality Group from $18.50 to $20.00 and gave the company a “neutral” rating in a research report on Monday, March 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.25.

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Shares of Ruth's Hospitality Group (NASDAQ:RUTH) traded down 2.22% during mid-day trading on Monday, hitting $19.85. 429,821 shares of the stock traded hands. The company has a market capitalization of $606.46 million, a PE ratio of 20.87 and a beta of 0.52. Ruth's Hospitality Group has a 1-year low of $13.74 and a 1-year high of $20.55. The company’s 50-day moving average price is $19.48 and its 200 day moving average price is $17.49.

A number of large investors have recently added to or reduced their stakes in RUTH. Aperio Group LLC raised its stake in Ruth's Hospitality Group by 6.4% in the third quarter. Aperio Group LLC now owns 12,153 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 735 shares in the last quarter. Victory Capital Management Inc. raised its stake in Ruth's Hospitality Group by 2.7% in the third quarter. Victory Capital Management Inc. now owns 64,009 shares of the restaurant operator’s stock valued at $903,000 after buying an additional 1,655 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Ruth's Hospitality Group by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 523,456 shares of the restaurant operator’s stock valued at $7,391,000 after buying an additional 8,892 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ruth's Hospitality Group by 26.3% in the third quarter. JPMorgan Chase & Co. now owns 683,909 shares of the restaurant operator’s stock valued at $9,657,000 after buying an additional 142,298 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Ruth's Hospitality Group by 33.8% in the third quarter. Prudential Financial Inc. now owns 258,658 shares of the restaurant operator’s stock valued at $3,652,000 after buying an additional 65,270 shares in the last quarter. 78.57% of the stock is owned by institutional investors.

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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