Press coverage about Ruth’s Hospitality Group (NASDAQ:RUTH) has been trending positive this week, AlphaOne Sentiment Analysis reports. The research firm, a service of Accern, identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ruth’s Hospitality Group earned a daily sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned media headlines about the restaurant operator an impact score of 66 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the next several days.
Ruth’s Hospitality Group (NASDAQ RUTH) traded up 0.45% during trading on Friday, reaching $22.15. The company had a trading volume of 214,398 shares. The company has a 50 day moving average price of $21.37 and a 200 day moving average price of $19.17. The company has a market capitalization of $679.83 million, a PE ratio of 22.88 and a beta of 0.29. Ruth’s Hospitality Group has a 52-week low of $13.74 and a 52-week high of $22.65.
Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, May 5th. The restaurant operator reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Ruth’s Hospitality Group had a return on equity of 37.75% and a net margin of 7.89%. The business had revenue of $105.50 million for the quarter, compared to analyst estimates of $105.49 million. During the same quarter last year, the firm earned $0.33 EPS. Ruth’s Hospitality Group’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Ruth’s Hospitality Group will post $1.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, May 16th. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 37.11%.
A number of equities analysts recently commented on RUTH shares. Jefferies Group LLC increased their price objective on Ruth’s Hospitality Group from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, February 21st. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Thursday, February 23rd. Citigroup Inc. increased their price objective on Ruth’s Hospitality Group from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Monday, March 20th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Thursday, April 20th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.00.
In other Ruth’s Hospitality Group news, CEO Michael P. Odonnell sold 81,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total transaction of $1,721,890.00. Following the transaction, the chief executive officer now owns 1,194,524 shares of the company’s stock, valued at approximately $25,144,730.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carla Cooper sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $21.20, for a total value of $63,600.00. Following the transaction, the director now directly owns 36,048 shares in the company, valued at approximately $764,217.60. The disclosure for this sale can be found here. Insiders have sold a total of 108,877 shares of company stock worth $2,293,273 in the last ninety days. Insiders own 6.74% of the company’s stock.
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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