Brokerages forecast that Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) will report $95.85 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ruth’s Hospitality Group’s earnings, with the highest sales estimate coming in at $96.33 million and the lowest estimate coming in at $95.00 million. Ruth’s Hospitality Group reported sales of $85.17 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The business is expected to issue its next quarterly earnings report before the market opens on Friday, November 2nd.
According to Zacks, analysts expect that Ruth’s Hospitality Group will report full-year sales of $449.30 million for the current year, with estimates ranging from $448.30 million to $450.77 million. For the next financial year, analysts anticipate that the firm will post sales of $474.42 million, with estimates ranging from $473.58 million to $475.40 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:RUTH) last issued its earnings results on Friday, August 10th. The restaurant operator reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $109.70 million for the quarter, compared to analyst estimates of $111.72 million. Ruth’s Hospitality Group had a net margin of 7.92% and a return on equity of 45.99%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS.
Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ruth’s Hospitality Group by 126.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,439 shares of the restaurant operator’s stock worth $181,000 after buying an additional 3,600 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth $188,000. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth $209,000. SG Americas Securities LLC acquired a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth $247,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Ruth’s Hospitality Group during the 2nd quarter worth $270,000. 84.68% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ RUTH opened at $27.03 on Thursday. The firm has a market cap of $846.34 million, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.37 and a beta of 0.36. Ruth’s Hospitality Group has a one year low of $19.45 and a one year high of $33.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.25 and a current ratio of 0.37.
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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