BidaskClub downgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a sell rating to a strong sell rating in a research note issued to investors on Friday morning, BidAskClub reports.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research report on Wednesday, September 18th. ValuEngine lowered shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research report on Thursday, July 11th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Ruth’s Hospitality Group currently has a consensus rating of Hold and a consensus price target of $26.00.

RUTH opened at $19.75 on Friday. The company has a market capitalization of $596.24 million, a price-to-earnings ratio of 14.21, a PEG ratio of 1.01 and a beta of 0.63. The company has a quick ratio of 0.25, a current ratio of 0.34 and a debt-to-equity ratio of 2.57. The firm has a 50-day moving average price of $19.98 and a 200-day moving average price of $23.14. Ruth’s Hospitality Group has a twelve month low of $18.88 and a twelve month high of $31.67.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, August 2nd. The restaurant operator reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. The company had revenue of $110.24 million during the quarter, compared to analyst estimates of $112.41 million. On average, sell-side analysts expect that Ruth’s Hospitality Group will post 1.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.52 annualized dividend and a yield of 2.63%. Ruth’s Hospitality Group’s payout ratio is presently 37.41%.

A number of institutional investors have recently made changes to their positions in RUTH. Advisors Preferred LLC bought a new stake in Ruth’s Hospitality Group during the second quarter valued at approximately $25,000. Tower Research Capital LLC TRC bought a new stake in shares of Ruth’s Hospitality Group in the 2nd quarter worth approximately $42,000. Pacer Advisors Inc. bought a new stake in shares of Ruth’s Hospitality Group in the 2nd quarter worth approximately $163,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Ruth’s Hospitality Group by 128.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,414 shares of the restaurant operator’s stock worth $241,000 after acquiring an additional 5,293 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Ruth’s Hospitality Group by 412.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 11,333 shares of the restaurant operator’s stock worth $257,000 after acquiring an additional 9,123 shares during the last quarter. Institutional investors and hedge funds own 82.86% 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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