In yesterday’s Wall Street session, Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) shares traded at $16.77, down -0.36% from the previous session.
As of this writing, 4 analysts cover Ruth’s Hospitality Group Inc. (NASDAQ:RUTH). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $17.00, we find $18.50. Given the previous closing price of $16.83, this indicates a potential upside of 9.92 percent. RUTH stock price is now -4.04% away from the 50-day moving average and -4.96% away from the 200-day moving average. The market capitalization of the company currently stands at $550.39M.
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There are 3 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $18.50 as their price target over the next twelve months.
On September 23, 2022, Stephens recently initiated its ‘Overweight’ rating on the stock quoting a target price of $22, while ‘The Benchmark Company’ rates the stock as ‘Hold’.
Insiders disposed of 25,085 shares of company stock worth roughly $0.42 million over the past 1 year. A total of 4.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RUTH stock. A new stake in Ruth’s Hospitality Group Inc. shares was purchased by GSA CAPITAL PARTNERS LLP during the first quarter worth $699,000. HRT FINANCIAL LP invested $523,000 in shares of RUTH during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Ruth’s Hospitality Group Inc. valued at approximately $384,000. WALLEYE TRADING LLC acquired a new stake in RUTH for approximately $365,000. TRUE SIGNAL LP purchased a new stake in RUTH valued at around $363,000 in the second quarter. In total, there are 232 active investors with 89.50% ownership of the company’s stock.
Monday morning saw Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) opened at $16.61. During the past 12 months, Ruth’s Hospitality Group Inc. has had a low of $14.65 and a high of $23.31. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 0.60, and a quick ratio of 0.50. The fifty day moving average price for RUTH is $17.48 and a two-hundred day moving average price translates $17.65 for the stock.
The latest earnings results from Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) was released for Sep, 2022. According to the Restaurants Company, earnings per share came in at $0.16, missing analysts’ expectations of $0.19 by -0.03. This compares to $0.40 EPS in the same period last year. The net profit margin was 7.60% and return on equity was 27.90% for RUTH. The company reported revenue of $138.34 million for the quarter, compared to $126.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.15 percent. For the current quarter, analysts expect RUTH to generate $138.4M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/24/2023. Investors who held shares on 03/10/2023 were paid a $0.16 dividend. On an annualized basis, this represents a $0.64 dividend and a 3.82% percent yield. There was an ex-dividend date of 03/09/2023 for this dividend. In terms of dividend payout ratio, RUTH is presently at 46.40%.
Ruth’s Hospitality Group Inc.(RUTH) 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. The company’s restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clients. As of February 24, 2022, it had approximately 150 company-owned and franchisee-owned restaurants worldwide. The company was formerly known as Ruth’s Chris Steak House, Inc. and changed its name to Ruth’s Hospitality Group, Inc. in May 2008. Ruth’s Hospitality Group, Inc. was founded in 1965 and is headquartered in Winter Park, Florida.
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