ValuEngine upgraded shares of Ruth’s Hospitality Group (NASDAQ:RUTH) from a hold rating to a buy rating in a research note released on Thursday, ValuEngine reports.

A number of other research analysts also recently issued reports on RUTH. Raymond James upped their target price on shares of Ruth’s Hospitality Group from $11.00 to $11.50 and gave the company an outperform rating in a research report on Thursday, May 28th. Piper Sandler lowered shares of Ruth’s Hospitality Group from an overweight rating to a neutral rating and cut their price objective for the company from $26.00 to $8.00 in a report on Tuesday, March 17th. BidaskClub raised shares of Ruth’s Hospitality Group from a sell rating to a hold rating in a report on Saturday, June 6th. Stephens initiated coverage on shares of Ruth’s Hospitality Group in a research report on Friday, June 12th. They set an equal weight rating and a $10.00 target price for the company. Finally, Jefferies Financial Group raised their price target on Ruth’s Hospitality Group from $6.00 to $9.25 and gave the stock a hold rating in a research report on Wednesday, April 22nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $13.79.

Shares of NASDAQ RUTH traded down $0.26 during trading on Thursday, reaching $7.73. The company had a trading volume of 1,424,975 shares, compared to its average volume of 2,330,340. Ruth’s Hospitality Group has a 52 week low of $2.32 and a 52 week high of $25.77. The business’s 50 day moving average price is $8.81 and its 200-day moving average price is $14.00. The stock has a market cap of $220.92 million, a PE ratio of 9.20 and a beta of 1.94. The company has a debt-to-equity ratio of 4.97, a quick ratio of 0.90 and a current ratio of 0.99.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings results on Friday, May 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.17). Ruth’s Hospitality Group had a net margin of 5.36% and a return on equity of 35.35%. The company had revenue of $108.54 million during the quarter, compared to analyst estimates of $112.11 million. Equities analysts anticipate that Ruth’s Hospitality Group will post -0.63 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. raised its holdings in Ruth’s Hospitality Group by 503.2% during the 1st quarter. Alliancebernstein L.P. now owns 855,045 shares of the restaurant operator’s stock worth $5,712,000 after buying an additional 713,295 shares during the period. North Peak Capital Management LLC acquired a new stake in shares of Ruth’s Hospitality Group during the first quarter worth $3,344,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Ruth’s Hospitality Group during the first quarter worth $3,232,000. Bank of New York Mellon Corp lifted its position in Ruth’s Hospitality Group by 37.2% in the 4th quarter. Bank of New York Mellon Corp now owns 904,097 shares of the restaurant operator’s stock valued at $19,678,000 after acquiring an additional 245,196 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Ruth’s Hospitality Group in the 1st quarter worth $1,056,000. 73.53% of the stock is owned by institutional investors and hedge funds.

Ruth’s Hospitality Group Company Profile

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

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