Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Expected to Announce Quarterly Sales of $117.96 Million

Wall Street analysts predict that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTHGet Rating) will announce $117.96 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ruth’s Hospitality Group’s earnings. The highest sales estimate is $120.50 million and the lowest is $113.93 million. Ruth’s Hospitality Group reported sales of $87.28 million in the same quarter last year, which would suggest a positive year over year growth rate of 35.2%. The firm is expected to announce its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Ruth’s Hospitality Group will report full-year sales of $481.11 million for the current fiscal year, with estimates ranging from $468.33 million to $493.20 million. For the next year, analysts forecast that the business will post sales of $514.59 million, with estimates ranging from $500.11 million to $528.90 million. Zacks Investment Research’s sales calculations 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:RUTHGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $126.74 million during the quarter, compared to analyst estimates of $121.14 million. Ruth’s Hospitality Group had a return on equity of 31.31% and a net margin of 9.85%. During the same period in the prior year, the company posted $0.03 EPS.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 28th. TheStreet upgraded Ruth’s Hospitality Group from a “c” rating to a “b-” rating in a research report on Monday, March 28th. StockNews.com began coverage on Ruth’s Hospitality Group in a research report on Thursday, March 31st. They set a “buy” rating for the company. Stephens increased their price objective on Ruth’s Hospitality Group from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, February 28th. Finally, Raymond James increased their price objective on Ruth’s Hospitality Group from $25.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Friday, February 25th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $27.20.

In other Ruth’s Hospitality Group news, EVP Susan Mirdamadi sold 15,000 shares of the business’s stock in a transaction on Friday, February 11th. The shares were sold at an average price of $23.00, for a total transaction of $345,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.63% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of RUTH. Morgan Stanley increased its stake in shares of Ruth’s Hospitality Group by 13.7% in the second quarter. Morgan Stanley now owns 223,470 shares of the restaurant operator’s stock worth $5,146,000 after acquiring an additional 27,012 shares during the last quarter. Strs Ohio acquired a new position in Ruth’s Hospitality Group during the third quarter worth $157,000. Maryland State Retirement & Pension System acquired a new position in Ruth’s Hospitality Group during the third quarter worth $263,000. SG Americas Securities LLC acquired a new position in Ruth’s Hospitality Group during the third quarter worth $646,000. Finally, Victory Capital Management Inc. increased its position in Ruth’s Hospitality Group by 21.6% during the third quarter. Victory Capital Management Inc. now owns 319,482 shares of the restaurant operator’s stock worth $6,617,000 after buying an additional 56,763 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

RUTH traded down $0.10 during trading on Friday, reaching $20.97. The stock had a trading volume of 252,765 shares, compared to its average volume of 313,012. The firm has a market capitalization of $704.17 million, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.03 and a beta of 2.14. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. Ruth’s Hospitality Group has a 1-year low of $16.45 and a 1-year high of $28.73. The stock has a 50 day moving average of $22.10 and a two-hundred day moving average of $20.52.

About Ruth’s Hospitality Group (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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