Ruth’s Hospitality Group (NASDAQ:RUTH) Price Target Cut to $22.00

Ruth’s Hospitality Group (NASDAQ:RUTH) had its price target reduced by Piper Jaffray Companies from $29.00 to $22.00 in a report issued on Friday, September 20th, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock. Piper Jaffray Companies also issued estimates for Ruth’s Hospitality Group’s Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $1.41 EPS, Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.32 EPS, Q3 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.55 EPS and FY2020 earnings at $1.45 EPS.

RUTH has been the topic of a number of other research reports. BidaskClub lowered shares of Ruth’s Hospitality Group from a sell rating to a strong sell rating in a research note on Friday, September 20th. ValuEngine lowered shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research note on Thursday, July 11th. Finally, Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $26.00.

Shares of Ruth’s Hospitality Group stock traded up $0.86 on Friday, hitting $19.66. 524,604 shares of the company traded hands, compared to its average volume of 356,903. The firm’s 50-day simple moving average is $19.65 and its 200 day simple moving average is $22.55. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 2.57. The company has a market cap of $569.13 million, a P/E ratio of 14.14, a P/E/G ratio of 1.02 and a beta of 0.63. Ruth’s Hospitality Group has a 12-month low of $18.60 and a 12-month high of $30.59.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, August 2nd. The restaurant operator reported $0.31 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The firm had revenue of $110.24 million for the quarter, compared to analysts’ expectations of $112.41 million. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. Analysts predict that Ruth’s Hospitality Group will post 1.37 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Preferred LLC bought a new stake in Ruth’s Hospitality Group in the 2nd quarter worth about $25,000. Tower Research Capital LLC TRC acquired a new position in Ruth’s Hospitality Group in the 2nd quarter valued at approximately $42,000. Pacer Advisors Inc. acquired a new position in Ruth’s Hospitality Group in the 2nd quarter valued at approximately $163,000. BNP Paribas Arbitrage SA raised its holdings in 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 valued at $241,000 after acquiring an additional 5,293 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in 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 valued at $257,000 after acquiring an additional 9,123 shares in the last quarter. Institutional investors and hedge funds own 82.86% of the company’s stock.

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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