Analysts expect Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) to announce sales of $120.81 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ruth's Hospitality Group’s earnings, with the lowest sales estimate coming in at $113.76 million and the highest estimate coming in at $126.36 million. Ruth's Hospitality Group posted sales of $107.63 million in the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The business is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, February 21st.

On average, analysts expect that Ruth's Hospitality Group will report full year sales of $120.81 million for the current financial year, with estimates ranging from $404.48 million to $417.00 million. For the next year, analysts forecast that the firm will post sales of $455.48 million per share, with estimates ranging from $448.80 million to $461.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ruth's Hospitality Group.

Several research firms recently commented on RUTH. Raymond James Financial upgraded Ruth's Hospitality Group from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Monday, January 29th. BidaskClub upgraded Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Zacks Investment Research cut Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, ValuEngine upgraded Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $23.40.

Ruth's Hospitality Group (NASDAQ:RUTH) remained flat at $$22.75 on Friday. 214,000 shares of the company were exchanged, compared to its average volume of 227,039. Ruth's Hospitality Group has a 1-year low of $16.65 and a 1-year high of $24.15. The company has a current ratio of 0.41, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $711.58, a price-to-earnings ratio of 23.70, a PEG ratio of 1.32 and a beta of 0.38.

Ruth's Hospitality Group declared that its Board of Directors has initiated a share repurchase plan on Friday, November 3rd that permits the company to buyback $60.00 million in shares. This buyback authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

In other Ruth's Hospitality Group news, COO Kevin W. Toomy sold 1,856 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $20.00, for a total transaction of $37,120.00. Following the completion of the transaction, the chief operating officer now directly owns 157,551 shares of the company’s stock, valued at approximately $3,151,020. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Cheryl Janet Henry sold 18,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $21.47, for a total value of $386,460.00. Following the transaction, the chief operating officer now directly owns 343,617 shares of the company’s stock, valued at $7,377,456.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,404 shares of company stock valued at $912,331. 7.45% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of RUTH. TIAA CREF Investment Management LLC boosted its stake in Ruth's Hospitality Group by 2.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 233,407 shares of the restaurant operator’s stock valued at $5,077,000 after purchasing an additional 6,328 shares in the last quarter. BlackRock Inc. boosted its stake in Ruth's Hospitality Group by 10.0% during the 2nd quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock valued at $93,252,000 after purchasing an additional 389,525 shares in the last quarter. Northern Trust Corp boosted its stake in Ruth's Hospitality Group by 2.4% during the 2nd quarter. Northern Trust Corp now owns 402,462 shares of the restaurant operator’s stock valued at $8,753,000 after purchasing an additional 9,585 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ruth's Hospitality Group by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,378,750 shares of the restaurant operator’s stock valued at $51,737,000 after purchasing an additional 44,441 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Ruth's Hospitality Group by 2.1% during the 2nd quarter. California Public Employees Retirement System now owns 134,700 shares of the restaurant operator’s stock valued at $2,930,000 after purchasing an additional 2,800 shares in the last quarter. 81.51% of the stock is owned by hedge funds and other institutional investors.

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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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