Ruth’s Hospitality Group (NASDAQ:RUTH) Stock Rating Lowered by ValuEngine

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ValuEngine downgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

Several other equities research analysts have also commented on RUTH. Zacks Investment Research lowered shares of ExlService from a hold rating to a sell rating in a research note on Wednesday. Stephens initiated coverage on shares of Ruth’s Hospitality Group in a research note on Wednesday, April 17th. They issued an equal weight rating and a $28.00 price target on the stock. Finally, BidaskClub upgraded shares of Yandex from a buy rating to a strong-buy rating in a research note on Friday, June 14th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Ruth’s Hospitality Group has a consensus rating of Hold and an average target price of $30.00.

Shares of NASDAQ RUTH opened at $22.11 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 2.20. The stock has a 50-day simple moving average of $22.82. Ruth’s Hospitality Group has a 52-week low of $21.70 and a 52-week high of $33.95. The company has a market capitalization of $673.91 million, a PE ratio of 15.79, a P/E/G ratio of 1.09 and a beta of 0.59.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its earnings results on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. Ruth’s Hospitality Group had a net margin of 9.21% and a return on equity of 45.79%. The firm had revenue of $119.70 million for the quarter, compared to analysts’ expectations of $119.61 million. During the same quarter last year, the company posted $0.45 earnings per share. Ruth’s Hospitality Group’s revenue was up 2.7% on a year-over-year basis. On average, research analysts anticipate that Ruth’s Hospitality Group will post 1.43 earnings per share for the current year.

Several large investors have recently made changes to their positions in RUTH. American Century Companies Inc. increased its stake in shares of Ruth’s Hospitality Group by 896.7% in the fourth quarter. American Century Companies Inc. now owns 293,600 shares of the restaurant operator’s stock valued at $6,674,000 after purchasing an additional 264,143 shares during the period. Phocas Financial Corp. acquired a new stake in shares of Ruth’s Hospitality Group in the fourth quarter valued at approximately $4,216,000. Millennium Management LLC increased its stake in shares of Ruth’s Hospitality Group by 502.2% in the fourth quarter. Millennium Management LLC now owns 136,976 shares of the restaurant operator’s stock valued at $3,113,000 after purchasing an additional 114,231 shares during the period. BlackRock Inc. increased its stake in shares of Ruth’s Hospitality Group by 2.4% in the fourth quarter. BlackRock Inc. now owns 4,549,035 shares of the restaurant operator’s stock valued at $103,401,000 after purchasing an additional 104,480 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Ruth’s Hospitality Group by 131.9% in the fourth quarter. Deutsche Bank AG now owns 180,859 shares of the restaurant operator’s stock valued at $4,109,000 after purchasing an additional 102,881 shares during the period. Institutional investors own 81.91% of the company’s stock.

About Ruth’s Hospitality Group

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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