Raymond James upgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from an underperform rating to a market perform rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Separately, analysts at Jefferies Group reiterated a buy rating on shares of Ruth’s Hospitality Group in a research note to investors on Tuesday, August 20th. They now have a $15.00 price target on the stock, up previously from $13.00.
Ruth’s Hospitality Group (NASDAQ:RUTH) traded up 0.54% on Monday, hitting $12.97. The stock had a trading volume of 113,595 shares. Ruth’s Hospitality Group has a one year low of $6.58 and a one year high of $13.76. The stock has a 50-day moving average of $11.94 and a 200-day moving average of $11.88. The company has a market cap of $448.0 million and a P/E ratio of 20.64.
Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $80.90 million for the quarter, compared to the consensus estimate of $88.30 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Ruth’s Hospitality Group will post $0.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 26th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, November 12th.
Operates and franchises fine dining steak restaurants throughout the country. The Company’s restaurant originally started in Louisiana.
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