Press coverage about Ruth’s Hospitality Group (NASDAQ:RUTH) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ruth’s Hospitality Group earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 45.1007794512355 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Ruth’s Hospitality Group (RUTH) traded up 1.02% during mid-day trading on Friday, reaching $19.80. 139,941 shares of the company traded hands. Ruth’s Hospitality Group has a 52-week low of $13.74 and a 52-week high of $22.65. The firm’s 50 day moving average price is $20.83 and its 200-day moving average price is $19.95. The company has a market capitalization of $602.06 million, a P/E ratio of 19.57 and a beta of 0.29.
Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $100 million during the quarter, compared to analysts’ expectations of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. Ruth’s Hospitality Group’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. Equities analysts predict that Ruth’s Hospitality Group will post $1.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio is presently 35.64%.
Several research analysts have recently commented on the stock. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Thursday, April 20th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Jefferies Group LLC reissued a “hold” rating on shares of Ruth’s Hospitality Group in a research note on Friday, May 5th. Deutsche Bank AG reissued a “buy” rating and issued a $24.00 price objective (up previously from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Finally, BidaskClub lowered shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Ruth’s Hospitality Group presently has a consensus rating of “Hold” and an average target price of $21.60.
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In other Ruth’s Hospitality Group news, CEO Michael P. Odonnell sold 81,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total value of $1,721,890.00. Following the completion of the transaction, the chief executive officer now owns 1,194,524 shares in the company, valued at approximately $25,144,730.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.74% of the stock is owned by corporate insiders.
About Ruth’s Hospitality Group
Ruth’s Hospitality Group, Inc develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.
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