Ruth’s Hospitality Group (NASDAQ:RUTH) Receives New Coverage from Analysts at Stephens

Stephens assumed coverage on shares of Ruth’s Hospitality Group (NASDAQ:RUTHGet Rating) in a research note issued to investors on Thursday morning, The Fly reports. The firm issued an overweight rating on the restaurant operator’s stock.

A number of other equities research analysts have also commented on the company. lowered Ruth’s Hospitality Group from a buy rating to a hold rating in a research report on Monday. TheStreet downgraded Ruth’s Hospitality Group from a b- rating to a c+ rating in a research note on Wednesday, July 6th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to, the stock presently has an average rating of Moderate Buy and an average target price of $27.50.

Ruth’s Hospitality Group Trading Down 3.7 %

Shares of RUTH opened at $16.45 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 0.28. Ruth’s Hospitality Group has a 12-month low of $15.16 and a 12-month high of $24.93. The firm has a market capitalization of $555.86 million, a PE ratio of 13.48 and a beta of 1.93. The stock’s fifty day simple moving average is $18.12 and its 200-day simple moving average is $19.04.

Ruth’s Hospitality Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.56 annualized dividend and a dividend yield of 3.40%. Ruth’s Hospitality Group’s payout ratio is 45.90%.

Hedge Funds Weigh In On Ruth’s Hospitality Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC bought a new position in shares of Ruth’s Hospitality Group in the 1st quarter valued at $36,000. Meeder Asset Management Inc. bought a new stake in Ruth’s Hospitality Group during the 1st quarter worth $40,000. C M Bidwell & Associates Ltd. bought a new stake in Ruth’s Hospitality Group during the 2nd quarter worth $31,000. PNC Financial Services Group Inc. grew its position in Ruth’s Hospitality Group by 36.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,096 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 564 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Ruth’s Hospitality Group during the 4th quarter worth $49,000. Institutional investors own 86.79% of the company’s stock.

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.

Featured Stories

The Fly logo

Receive News & Ratings for Ruth's Hospitality Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruth's Hospitality Group and related companies with's FREE daily email newsletter.