Ruth’s Hospitality Group, Inc. (RUTH) Expected to Announce Earnings of $0.49 Per Share

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Wall Street brokerages expect that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will announce $0.49 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ruth’s Hospitality Group’s earnings. Ruth’s Hospitality Group posted earnings per share of $0.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 11.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Ruth’s Hospitality Group will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.38. For the next financial year, analysts forecast that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.42 to $1.52. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings results on Friday, November 2nd. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business had revenue of $99.02 million during the quarter, compared to the consensus estimate of $95.85 million. Ruth’s Hospitality Group had a return on equity of 47.19% and a net margin of 8.10%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS.

Several equities analysts have weighed in on RUTH shares. BidaskClub raised Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. ValuEngine cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Finally, Citigroup dropped their price objective on Ruth’s Hospitality Group from $33.00 to $30.00 and set a “hold” rating for the company in a report on Monday, November 12th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sawgrass Asset Management LLC boosted its position in shares of Ruth’s Hospitality Group by 2.5% during the 3rd quarter. Sawgrass Asset Management LLC now owns 20,500 shares of the restaurant operator’s stock valued at $647,000 after purchasing an additional 500 shares in the last quarter. Morgan Stanley boosted its position in shares of Ruth’s Hospitality Group by 32.3% during the 3rd quarter. Morgan Stanley now owns 396,250 shares of the restaurant operator’s stock valued at $12,501,000 after purchasing an additional 96,784 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Ruth’s Hospitality Group by 6.8% during the 3rd quarter. Legal & General Group Plc now owns 60,687 shares of the restaurant operator’s stock valued at $1,912,000 after purchasing an additional 3,839 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Ruth’s Hospitality Group by 61.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 21,054 shares of the restaurant operator’s stock valued at $664,000 after purchasing an additional 8,027 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Ruth’s Hospitality Group during the 3rd quarter valued at about $2,042,000. 83.86% of the stock is owned by hedge funds and other institutional investors.

RUTH opened at $24.09 on Tuesday. The firm has a market capitalization of $742.81 million, a P/E ratio of 17.99, a PEG ratio of 1.15 and a beta of 0.55. Ruth’s Hospitality Group has a 1 year low of $21.50 and a 1 year high of $33.95. The company has a quick ratio of 0.27, a current ratio of 0.39 and a debt-to-equity ratio of 0.60.

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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