Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Given Average Rating of “Hold” by Brokerages

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Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.60.

RUTH has been the topic of a number of recent analyst reports. Raymond James upgraded Ruth’s Hospitality Group from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Thursday, January 30th. Stephens set a $24.00 target price on Ruth’s Hospitality Group and gave the company a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, February 5th. Finally, BidaskClub lowered Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 24th.

NASDAQ:RUTH opened at $21.69 on Monday. The company has a 50-day moving average of $21.25 and a 200 day moving average of $21.23. Ruth’s Hospitality Group has a 1-year low of $18.60 and a 1-year high of $27.14.

A number of hedge funds have recently bought and sold shares of RUTH. Sandy Spring Bank purchased a new stake in Ruth’s Hospitality Group in the third quarter valued at $41,000. Huntington National Bank grew its holdings in shares of Ruth’s Hospitality Group by 205.7% during the 4th quarter. Huntington National Bank now owns 1,984 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 1,335 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Ruth’s Hospitality Group by 35.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,534 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 668 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Ruth’s Hospitality Group during the 4th quarter worth $55,000. Finally, FMR LLC grew its holdings in shares of Ruth’s Hospitality Group by 2,051.4% during the 4th quarter. FMR LLC now owns 3,184 shares of the restaurant operator’s stock worth $69,000 after purchasing an additional 3,036 shares during the period. 84.88% 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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