ValuEngine Lowers Ruth’s Hospitality Group (NASDAQ:RUTH) to Sell

ValuEngine cut shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a hold rating to a sell rating in a report published on Thursday, ValuEngine reports.

Other analysts also recently issued reports about the company. BidaskClub upgraded Yandex from a buy rating to a strong-buy rating in a report on Friday, June 14th. Stephens initiated coverage on Ruth’s Hospitality Group in a report on Wednesday, April 17th. They issued an equal weight rating and a $28.00 price target for the company. Finally, Zacks Investment Research downgraded ExlService from a hold rating to a sell rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of Hold and a consensus price target of $30.00.

Shares of NASDAQ RUTH opened at $22.11 on Thursday. Ruth’s Hospitality Group has a 12-month low of $21.70 and a 12-month high of $33.95. The firm has a market cap of $673.91 million, a P/E ratio of 15.79, a P/E/G ratio of 1.09 and a beta of 0.59. The company has a current ratio of 0.30, a quick ratio of 0.20 and a debt-to-equity ratio of 2.20. The firm has a fifty day moving average of $22.82.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Ruth’s Hospitality Group had a return on equity of 45.79% and a net margin of 9.21%. The firm had revenue of $119.70 million during the quarter, compared to the consensus estimate of $119.61 million. During the same period in the prior year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that Ruth’s Hospitality Group will post 1.43 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Mackay Shields LLC purchased a new position in Ruth’s Hospitality Group in the 4th quarter valued at about $532,000. Wedge Capital Management L L P NC boosted its position in Ruth’s Hospitality Group by 21.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 82,180 shares of the restaurant operator’s stock valued at $2,103,000 after buying an additional 14,711 shares during the last quarter. Geode Capital Management LLC boosted its position in Ruth’s Hospitality Group by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 366,538 shares of the restaurant operator’s stock valued at $8,331,000 after buying an additional 31,586 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Ruth’s Hospitality Group by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 504,533 shares of the restaurant operator’s stock valued at $11,468,000 after buying an additional 7,674 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in Ruth’s Hospitality Group by 42.8% in the 4th quarter. Two Sigma Advisers LP now owns 185,938 shares of the restaurant operator’s stock valued at $4,226,000 after buying an additional 55,700 shares during the last quarter. 81.91% of the stock is owned by institutional investors.

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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