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

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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.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a report on Thursday, July 11th. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a hold rating to a sell rating in a report on Wednesday, September 18th. Finally, BidaskClub cut shares of Ruth’s Hospitality Group from a sell rating to a strong sell rating in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price 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. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. The firm had revenue of $110.24 million for the quarter, compared to analysts’ expectations of $112.41 million. 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 grew its stake in shares of 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 purchasing an additional 5,293 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in shares of 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 purchasing an additional 9,123 shares during the period. Institutional investors and hedge funds own 82.86% of the company’s stock.

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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