Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Expected to Announce Earnings of $0.21 Per Share

Brokerages expect Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) to announce earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ruth’s Hospitality Group’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.12. Ruth’s Hospitality Group reported earnings of ($0.48) per share in the same quarter last year, which would suggest a positive year over year growth rate of 143.8%. The firm is expected to issue its next earnings results on Friday, July 30th.

According to Zacks, analysts expect that Ruth’s Hospitality Group will report full year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $0.80 to $1.16. For the next fiscal year, analysts forecast that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $1.09 to $1.64. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, May 7th. The restaurant operator reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.17. The company had revenue of $87.28 million during the quarter, compared to analysts’ expectations of $86.72 million. Ruth’s Hospitality Group had a negative return on equity of 5.20% and a negative net margin of 4.82%.

RUTH has been the topic of several research analyst reports. Zacks Investment Research raised Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, May 11th. Stephens dropped their target price on Ruth’s Hospitality Group from $33.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday. Piper Sandler boosted their target price on Ruth’s Hospitality Group from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, May 26th. Finally, Raymond James boosted their target price on Ruth’s Hospitality Group from $28.00 to $31.00 and gave the company a “strong-buy” rating in a report on Tuesday, May 4th.

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. acquired a new position in Ruth’s Hospitality Group during the fourth quarter worth $1,494,000. Rhumbline Advisers grew its holdings in Ruth’s Hospitality Group by 9.1% during the fourth quarter. Rhumbline Advisers now owns 93,214 shares of the restaurant operator’s stock worth $1,653,000 after acquiring an additional 7,799 shares during the period. Victory Capital Management Inc. grew its holdings in Ruth’s Hospitality Group by 186.1% during the first quarter. Victory Capital Management Inc. now owns 200,410 shares of the restaurant operator’s stock worth $4,976,000 after acquiring an additional 130,359 shares during the period. Congress Asset Management Co. MA grew its holdings in Ruth’s Hospitality Group by 15.4% during the first quarter. Congress Asset Management Co. MA now owns 255,000 shares of the restaurant operator’s stock worth $6,332,000 after acquiring an additional 34,125 shares during the period. Finally, US Bancorp DE grew its holdings in Ruth’s Hospitality Group by 40.9% during the fourth quarter. US Bancorp DE now owns 3,213 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 932 shares during the period. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

RUTH stock traded down $0.40 during trading on Friday, hitting $24.24. 2,023 shares of the company’s stock were exchanged, compared to its average volume of 427,857. The firm has a market capitalization of $848.16 million, a PE ratio of -56.00 and a beta of 2.43. Ruth’s Hospitality Group has a 52-week low of $6.15 and a 52-week high of $28.73. The firm’s 50-day moving average price is $24.71. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.34 and a quick ratio of 1.27.

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. The company's restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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Earnings History and Estimates for Ruth`s Hospitality Group (NASDAQ:RUTH)

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