Equities research analysts expect that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will post sales of $99.29 million for the current quarter, Zacks reports. Three analysts have provided estimates for Ruth’s Hospitality Group’s earnings, with the highest sales estimate coming in at $99.64 million and the lowest estimate coming in at $99.00 million. Ruth’s Hospitality Group reported sales of $92.65 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The firm is expected to report its next quarterly earnings report before the market opens on Friday, July 28th.
On average, analysts expect that Ruth’s Hospitality Group will report full year sales of $99.29 million for the current year, with estimates ranging from $407.69 million to $420.65 million. For the next fiscal year, analysts expect that the company will report sales of $435.13 million per share, with estimates ranging from $431.11 million to $441.23 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ruth’s Hospitality Group.
Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, May 5th. The restaurant operator reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Ruth’s Hospitality Group had a net margin of 7.89% and a return on equity of 37.75%. The business had revenue of $105.50 million during the quarter, compared to analyst estimates of $105.49 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year.
Several brokerages recently weighed in on RUTH. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 target price on shares of Ruth’s Hospitality Group in a report on Friday, June 16th. BidaskClub cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $22.00 target price (up previously from $20.00) on shares of Ruth’s Hospitality Group in a report on Monday, May 15th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Thursday, April 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Ruth’s Hospitality Group currently has an average rating of “Hold” and an average target price of $21.60.
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Ruth’s Hospitality Group (RUTH) opened at 21.05 on Friday. The stock has a market cap of $646.07 million, a P/E ratio of 21.75 and a beta of 0.31. The stock has a 50 day moving average of $21.72 and a 200-day moving average of $19.69. Ruth’s Hospitality Group has a 12 month low of $13.74 and a 12 month high of $22.65.
In other Ruth’s Hospitality Group news, COO Cheryl Janet Henry sold 21,077 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $21.08, for a total value of $444,303.16. Following the transaction, the chief operating officer now directly owns 381,617 shares in the company, valued at $8,044,486.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael P. Odonnell sold 81,800 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $21.05, for a total transaction 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 $25,144,730.20. The disclosure for this sale can be found here. Insiders sold 108,877 shares of company stock worth $2,293,273 over the last quarter. 6.74% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its position in shares of Ruth’s Hospitality Group by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 5,826 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 2,536 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Ruth’s Hospitality Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock valued at $139,000 after buying an additional 455 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Ruth’s Hospitality Group by 9.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the restaurant operator’s stock valued at $158,000 after buying an additional 689 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Ruth’s Hospitality Group during the first quarter valued at approximately $184,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Ruth’s Hospitality Group during the fourth quarter valued at approximately $207,000. Institutional investors own 84.80% of the company’s stock.
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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