$0.21 EPS Expected for Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) This Quarter

Wall Street analysts forecast that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will report earnings per share of $0.21 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Ruth’s Hospitality Group’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.12. Ruth’s Hospitality Group reported earnings per share of ($0.48) in the same quarter last year, which would suggest a positive year-over-year growth rate of 143.8%. The business is scheduled to report its next earnings report on Friday, July 30th.

On average, analysts expect that Ruth’s Hospitality Group will report full-year earnings of $1.03 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $1.16. For the next fiscal year, analysts expect that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.09 to $1.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, May 7th. The restaurant operator reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.17. The business had revenue of $87.28 million during the quarter, compared to analyst estimates of $86.72 million. Ruth’s Hospitality Group had a negative return on equity of 5.20% and a negative net margin of 4.82%.

Several research firms have recently weighed in on RUTH. Piper Sandler raised their price objective on Ruth’s Hospitality Group from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 26th. Raymond James raised their price objective on Ruth’s Hospitality Group from $28.00 to $31.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, May 4th. Zacks Investment Research raised Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, May 11th. Finally, Stephens decreased their target price on Ruth’s Hospitality Group from $33.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday.

Shares of RUTH traded down $0.40 during trading hours on Friday, hitting $24.24. 2,023 shares of the company were exchanged, compared to its average volume of 427,857. The company has a market capitalization of $848.16 million, a P/E ratio of -56.00 and a beta of 2.43. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 0.99. The business’s fifty day moving average is $24.71. Ruth’s Hospitality Group has a one year low of $6.15 and a one year high of $28.73.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RUTH. Price T Rowe Associates Inc. MD acquired a new stake in Ruth’s Hospitality Group during the first quarter valued at $33,387,000. SummerHaven Investment Management LLC acquired a new stake in Ruth’s Hospitality Group during the fourth quarter valued at $1,011,000. Braun Stacey Associates Inc. boosted its position in Ruth’s Hospitality Group by 3,871.4% during the first quarter. Braun Stacey Associates Inc. now owns 710,877 shares of the restaurant operator’s stock valued at $17,651,000 after purchasing an additional 692,977 shares during the last quarter. Advisory Research Inc. acquired a new stake in Ruth’s Hospitality Group during the fourth quarter valued at $9,727,000. Finally, Royce & Associates LP boosted its position in Ruth’s Hospitality Group by 131.0% during the fourth quarter. Royce & Associates LP now owns 738,869 shares of the restaurant operator’s stock valued at $13,100,000 after purchasing an additional 418,992 shares during the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.

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. The company's restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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Earnings History and Estimates for Ruth`s Hospitality Group (NASDAQ:RUTH)

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