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. As of February 24, 2022, it had approximately 150 company-owned and franchisee-owned restaurants worldwide. The company was formerly known as Ruth's Chris Steak House, Inc. and changed its name to Ruth's Hospitality Group, Inc. in May 2008. Ruth's Hospitality Group, Inc. was founded in 1965 and is headquartered in Winter Park, Florida.
Ruth's Hospitality Group Price Performance
Shares of NASDAQ:RUTH traded up $0.50 during mid-day trading on Monday, reaching $18.58. The company's stock had a trading volume of 6,287 shares, compared to its average volume of 324,873. The stock has a market capitalization of $637.72 million, a P/E ratio of 14.82 and a beta of 1.98. Ruth's Hospitality Group has a 1-year low of $15.16 and a 1-year high of $24.93. The stock has a 50-day moving average of $17.28 and a two-hundred day moving average of $19.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 0.95.
Ruth's Hospitality Group (NASDAQ:RUTH - Get Rating) last released its earnings results on Friday, May 6th. The restaurant operator reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $126.13 million for the quarter, compared to analyst estimates of $117.96 million. Ruth's Hospitality Group had a net margin of 8.54% and a return on equity of 31.95%. On average, equities research analysts anticipate that Ruth's Hospitality Group will post 1.35 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, TheStreet lowered shares of Ruth's Hospitality Group from a "b-" rating to a "c+" rating in a report on Wednesday, July 6th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $27.50.