Brokerages expect Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) to report sales of $111.72 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ruth’s Hospitality Group’s earnings, with estimates ranging from $109.60 million to $113.25 million. Ruth’s Hospitality Group posted sales of $100.02 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The company is scheduled to report its next earnings report on Friday, July 27th.

On average, analysts expect that Ruth’s Hospitality Group will report full-year sales of $455.00 million for the current fiscal year, with estimates ranging from $448.30 million to $460.27 million. For the next financial year, analysts expect that the company will post sales of $478.76 million per share, with estimates ranging from $474.80 million to $481.64 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Ruth’s Hospitality Group.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, May 4th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Ruth’s Hospitality Group had a net margin of 7.69% and a return on equity of 44.01%. The firm had revenue of $116.50 million during the quarter, compared to the consensus estimate of $115.84 million. During the same period in the previous year, the firm earned $0.35 earnings per share. Ruth’s Hospitality Group’s revenue was up 10.4% compared to the same quarter last year.

A number of equities research analysts recently issued reports on RUTH shares. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Thursday, March 8th. BidaskClub upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a report on Friday, March 23rd. Finally, Citigroup boosted their target price on shares of Ruth’s Hospitality Group from $25.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, June 25th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.00.

Ruth’s Hospitality Group traded up $0.25, reaching $28.30, during trading on Wednesday, MarketBeat Ratings reports. The company had a trading volume of 127,300 shares, compared to its average volume of 256,683. Ruth’s Hospitality Group has a 12-month low of $17.95 and a 12-month high of $29.00. The company has a market cap of $867.85 million, a price-to-earnings ratio of 25.45, a PEG ratio of 1.44 and a beta of 0.31. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.35.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, May 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.55%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 40.00%.

A number of hedge funds have recently made changes to their positions in the business. Suntrust Banks Inc. acquired a new position in Ruth’s Hospitality Group during the first quarter valued at approximately $435,000. Principal Financial Group Inc. lifted its position in Ruth’s Hospitality Group by 14.9% during the first quarter. Principal Financial Group Inc. now owns 821,682 shares of the restaurant operator’s stock valued at $20,090,000 after buying an additional 106,508 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Ruth’s Hospitality Group during the first quarter valued at approximately $1,170,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in Ruth’s Hospitality Group by 42.3% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 28,600 shares of the restaurant operator’s stock valued at $699,000 after buying an additional 8,500 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Ruth’s Hospitality Group during the first quarter valued at approximately $1,370,000. 82.28% of the stock is currently owned by hedge funds and other institutional investors.

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. Its 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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