Equities analysts predict that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH – Get Rating) will post earnings per share of $0.30 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ruth’s Hospitality Group’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.28. Ruth’s Hospitality Group reported earnings per share of $0.26 during the same quarter last year, which would indicate a positive year over year growth rate of 15.4%. The company is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Ruth’s Hospitality Group will report full-year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.28 to $1.38. For the next fiscal year, analysts forecast that the firm will report earnings of $1.62 per share, with EPS estimates ranging from $1.55 to $1.75. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ruth’s Hospitality Group.
Ruth’s Hospitality Group (NASDAQ:RUTH – Get Rating) last announced its earnings results on Thursday, February 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.10. The business had revenue of $126.74 million during the quarter, compared to the consensus estimate of $121.14 million. Ruth’s Hospitality Group had a net margin of 9.85% and a return on equity of 31.31%. During the same period in the previous year, the company posted $0.03 earnings per share.
In related news, EVP Susan Mirdamadi sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, February 11th. The stock was sold at an average price of $23.00, for a total value of $345,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.63% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new stake in Ruth’s Hospitality Group in the 4th quarter worth approximately $28,000. Copeland Capital Management LLC purchased a new position in shares of Ruth’s Hospitality Group during the 1st quarter valued at approximately $36,000. Point72 Hong Kong Ltd purchased a new position in shares of Ruth’s Hospitality Group during the 4th quarter valued at approximately $49,000. Advisor Group Holdings Inc. lifted its position in shares of Ruth’s Hospitality Group by 221.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,707 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 1,865 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Ruth’s Hospitality Group during the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
Ruth’s Hospitality Group stock traded up $0.50 during trading hours on Thursday, reaching $21.07. The stock had a trading volume of 226,761 shares, compared to its average volume of 319,908. The company has a market cap of $707.43 million, a price-to-earnings ratio of 16.86, a PEG ratio of 1.08 and a beta of 2.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.02. The business’s 50 day moving average price is $22.21 and its 200-day moving average price is $20.49. Ruth’s Hospitality Group has a 52 week low of $16.45 and a 52 week high of $28.73.
Ruth’s Hospitality Group Company Profile (Get Rating)
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.
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