Ruth’s Hospitality Group (NASDAQ:RUTH) Downgraded to “Sell” at BidaskClub – Tech Know Bits

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Ruth's Hospitality Group logoRuth’s Hospitality Group (NASDAQ:RUTH) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday, May 30th, BidAskClub reports.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Stephens initiated coverage on shares of Ruth’s Hospitality Group in a research note on Wednesday, April 17th. They issued an “equal weight” rating and a $28.00 price target on the stock. Finally, Citigroup set a $28.00 price target on shares of Ruth’s Hospitality Group and gave the stock a “hold” rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.00.

Ruth’s Hospitality Group stock traded down $0.35 during midday trading on Thursday, hitting $22.48. The stock had a trading volume of 241,283 shares, compared to its average volume of 157,261. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 2.20. Ruth’s Hospitality Group has a 12 month low of $21.70 and a 12 month high of $33.95. The firm has a market cap of $695.85 million, a P/E ratio of 16.17, a P/E/G ratio of 1.12 and a beta of 0.64.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its earnings results on Friday, May 3rd. The restaurant operator reported $0.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. The company had revenue of $119.70 million during the quarter, compared to the consensus estimate of $119.61 million. Ruth’s Hospitality Group had a return on equity of 45.79% and a net margin of 9.21%. Ruth’s Hospitality Group’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts anticipate that Ruth’s Hospitality Group will post 1.43 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Ruth’s Hospitality Group by 896.7% in the fourth quarter. American Century Companies Inc. now owns 293,600 shares of the restaurant operator’s stock valued at $6,674,000 after acquiring an additional 264,143 shares during the last quarter. Phocas Financial Corp. bought a new position in Ruth’s Hospitality Group in the fourth quarter valued at approximately $4,216,000. Millennium Management LLC boosted its stake in Ruth’s Hospitality Group by 502.2% in the fourth quarter. Millennium Management LLC now owns 136,976 shares of the restaurant operator’s stock valued at $3,113,000 after acquiring an additional 114,231 shares during the last quarter. BlackRock Inc. boosted its stake in Ruth’s Hospitality Group by 2.4% in the fourth quarter. BlackRock Inc. now owns 4,549,035 shares of the restaurant operator’s stock valued at $103,401,000 after acquiring an additional 104,480 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Ruth’s Hospitality Group by 131.9% in the fourth quarter. Deutsche Bank AG now owns 180,859 shares of the restaurant operator’s stock valued at $4,109,000 after acquiring an additional 102,881 shares during the last quarter. 82.00% of the stock is owned by institutional investors and hedge funds.

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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June 22, 2019 at 05:05PM