Ruth’s Hospitality Group (NASDAQ:RUTH) Given New $9.00 Price Target at Stephens

Ruth’s Hospitality Group (NASDAQ:RUTH) had its target price upped by Stephens from $7.00 to $9.00 in a research report issued on Friday, The Fly reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target suggests a potential upside of 34.43% from the stock’s current price.

A number of other research analysts also recently commented on RUTH. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 24th. BidaskClub upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. 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 note on Wednesday, April 22nd. ValuEngine upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 2nd. Finally, Raymond James raised their price target on Ruth’s Hospitality Group from $11.00 to $11.50 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.63.

Shares of RUTH traded down $1.00 during mid-day trading on Friday, reaching $6.70. The company’s stock had a trading volume of 2,759,182 shares, compared to its average volume of 1,189,430. Ruth’s Hospitality Group has a 12-month low of $2.32 and a 12-month high of $25.77. The stock has a market cap of $191.38 million, a PE ratio of 23.91 and a beta of 1.94. The company has a debt-to-equity ratio of 4.97, a current ratio of 0.99 and a quick ratio of 0.90. The company’s 50 day moving average is $7.83 and its 200 day moving average is $11.84.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, July 31st. The restaurant operator reported ($0.48) EPS for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.02. Ruth’s Hospitality Group had a return on equity of 35.35% and a net margin of 5.36%. The business had revenue of $28.42 million for the quarter, compared to the consensus estimate of $29.52 million. As a group, sell-side analysts anticipate that Ruth’s Hospitality Group will post -0.66 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Mackay Shields LLC purchased a new stake in shares of Ruth’s Hospitality Group in the first quarter valued at $352,000. Alliancebernstein L.P. boosted its holdings in Ruth’s Hospitality Group by 503.2% in the first quarter. Alliancebernstein L.P. now owns 855,045 shares of the restaurant operator’s stock valued at $5,712,000 after acquiring an additional 713,295 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Ruth’s Hospitality Group during the first quarter worth about $384,000. WINTON GROUP Ltd lifted its stake in shares of Ruth’s Hospitality Group by 50.4% during the first quarter. WINTON GROUP Ltd now owns 179,298 shares of the restaurant operator’s stock worth $1,198,000 after purchasing an additional 60,103 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Ruth’s Hospitality Group during the fourth quarter worth about $640,000. 73.46% of the stock is owned by institutional investors.

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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