Wall Street analysts forecast that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH – Get Rating) will post $117.96 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ruth’s Hospitality Group’s earnings. The lowest sales estimate is $113.93 million and the highest is $120.50 million. Ruth’s Hospitality Group reported sales of $87.28 million during the same quarter last year, which indicates a positive year over year growth rate of 35.2%. The company is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, 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 firm 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 research firms that follow Ruth’s Hospitality Group.
Ruth’s Hospitality Group (NASDAQ:RUTH – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $126.74 million for 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 firm earned $0.03 EPS.
In other Ruth’s Hospitality Group news, EVP Susan Mirdamadi sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $24.00, for a total transaction of $360,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.63% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Strs Ohio boosted its holdings in shares of Ruth’s Hospitality Group by 18,423.1% in the 1st quarter. Strs Ohio now owns 240,800 shares of the restaurant operator’s stock valued at $5,509,000 after buying an additional 239,500 shares in the last quarter. Congress Asset Management Co. MA raised its position in Ruth’s Hospitality Group by 8.0% in the 1st quarter. Congress Asset Management Co. MA now owns 153,287 shares of the restaurant operator’s stock valued at $3,507,000 after purchasing an additional 11,361 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in Ruth’s Hospitality Group in the 1st quarter valued at $36,000. BlackRock Inc. raised its position in Ruth’s Hospitality Group by 2.4% in the 4th quarter. BlackRock Inc. now owns 5,131,768 shares of the restaurant operator’s stock valued at $102,122,000 after purchasing an additional 122,427 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Ruth’s Hospitality Group by 19.8% in the 4th quarter. Wells Fargo & Company MN now owns 69,823 shares of the restaurant operator’s stock valued at $1,389,000 after purchasing an additional 11,527 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.
Ruth’s Hospitality Group stock opened at $21.12 on Friday. The company’s 50 day simple moving average is $22.34 and its 200-day simple moving average is $20.47. The company has a market capitalization of $709.10 million, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.07 and a beta of 2.14. Ruth’s Hospitality Group has a 1 year low of $16.45 and a 1 year high of $28.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.02 and a current ratio of 1.08.
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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