Piper Jaffray Companies Cuts Ruth’s Hospitality Group (NASDAQ:RUTH) Price Target to $22.00

Ruth’s Hospitality Group (NASDAQ:RUTH) had its price objective trimmed by Piper Jaffray Companies from $29.00 to $22.00 in a report published on Friday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the restaurant operator’s stock. Piper Jaffray Companies also issued estimates for Ruth’s Hospitality Group’s Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $1.41 EPS, Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.32 EPS, Q3 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.55 EPS and FY2020 earnings at $1.45 EPS.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research report on Wednesday, September 18th. ValuEngine lowered shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research report on Thursday, July 11th. Finally, BidaskClub lowered shares of Ruth’s Hospitality Group from a sell rating to a strong sell rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Ruth’s Hospitality Group has a consensus rating of Hold and a consensus price target of $26.00.

RUTH opened at $19.75 on Friday. The firm has a market cap of $596.24 million, a P/E ratio of 14.21, a PEG ratio of 1.01 and a beta of 0.63. Ruth’s Hospitality Group has a 1-year low of $18.88 and a 1-year high of $31.67. The company has a 50 day simple moving average of $19.98 and a two-hundred day simple moving average of $23.14. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.34 and a quick ratio of 0.25.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, August 2nd. The restaurant operator reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. The business had revenue of $110.24 million during the quarter, compared to analyst estimates of $112.41 million. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. Equities analysts anticipate that Ruth’s Hospitality Group will post 1.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.63%. Ruth’s Hospitality Group’s dividend payout ratio is 37.41%.

Large investors have recently modified their holdings of the stock. Advisors Preferred LLC bought a new position in shares of Ruth’s Hospitality Group during the second quarter worth $25,000. Tower Research Capital LLC TRC bought a new position in shares of Ruth’s Hospitality Group during the second quarter worth $42,000. Pacer Advisors Inc. bought a new position in shares of Ruth’s Hospitality Group during the second quarter worth $163,000. BNP Paribas Arbitrage SA boosted its position in shares of Ruth’s Hospitality Group by 128.4% during the first quarter. BNP Paribas Arbitrage SA now owns 9,414 shares of the restaurant operator’s stock worth $241,000 after acquiring an additional 5,293 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Ruth’s Hospitality Group by 412.8% during the second quarter. Meeder Asset Management Inc. now owns 11,333 shares of the restaurant operator’s stock worth $257,000 after acquiring an additional 9,123 shares during the last quarter. Hedge funds and other institutional investors own 82.86% 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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