Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Receives $26.75 Consensus Price Target from Brokerages

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) has been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $26.75.

A number of analysts have recently issued reports on RUTH shares. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 6th. Raymond James dropped their price target on Ruth’s Hospitality Group from $26.50 to $25.00 and set a “strong-buy” rating for the company in a research report on Monday, November 1st. Piper Sandler upgraded Ruth’s Hospitality Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $28.00 in a research report on Monday, September 20th. Benchmark started coverage on Ruth’s Hospitality Group in a research report on Tuesday, November 23rd. They set a “hold” rating for the company. Finally, Stephens dropped their price target on Ruth’s Hospitality Group from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, October 19th.

RUTH stock opened at $20.23 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $694.23 million, a PE ratio of 23.15, a PEG ratio of 0.97 and a beta of 2.32. Ruth’s Hospitality Group has a twelve month low of $16.45 and a twelve month high of $28.73. The stock has a 50-day simple moving average of $19.21 and a two-hundred day simple moving average of $19.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Thursday, October 28th. The restaurant operator reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.08. The business had revenue of $104.19 million during the quarter, compared to analyst estimates of $104.46 million. Ruth’s Hospitality Group had a return on equity of 24.51% and a net margin of 7.87%. During the same quarter in the previous year, the firm earned ($0.04) EPS. On average, equities research analysts anticipate that Ruth’s Hospitality Group will post 1.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 17th. Shareholders of record on Thursday, February 3rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, February 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.37%.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Ruth’s Hospitality Group by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,590,202 shares of the restaurant operator’s stock worth $59,653,000 after purchasing an additional 98,804 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Ruth’s Hospitality Group by 37.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,846,651 shares of the restaurant operator’s stock worth $42,528,000 after purchasing an additional 502,009 shares during the period. Alliancebernstein L.P. increased its stake in Ruth’s Hospitality Group by 30.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,371,741 shares of the restaurant operator’s stock worth $28,409,000 after purchasing an additional 318,023 shares during the period. State Street Corp increased its stake in Ruth’s Hospitality Group by 5.3% in the 2nd quarter. State Street Corp now owns 1,111,395 shares of the restaurant operator’s stock worth $25,595,000 after purchasing an additional 55,666 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Ruth’s Hospitality Group by 60.4% during the third quarter. Royal Bank of Canada now owns 573,239 shares of the restaurant operator’s stock valued at $11,872,000 after buying an additional 215,962 shares during the period. 85.92% of the stock is currently owned by institutional investors and hedge funds.

Ruth’s Hospitality Group Company Profile

Ruth’s Hospitality Group, Inc engages in the development and operation of fine dining restaurants. It operates through the following segments: Company Owned Steakhouse Restaurants and Franchise Operations. The Company-Owned Steakhouse Restaurants segment operates restaurants under the Ruth’s Chris Steak House brand.

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Analyst Recommendations for Ruth's Hospitality Group (NASDAQ:RUTH)

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