The stock of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) hit a new 52-week low and has $12.29 target or 13.00% below today’s $14.13 share price. The 6 months bearish chart indicates high risk for the $446.31M company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $12.29 price target is reached, the company will be worth $58.02 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 90,373 shares traded hands. Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) has declined 16.20% since February 26, 2016 and is downtrending. It has underperformed by 26.62% the S&P500.
Analysts await Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) to report earnings on November, 4. They expect $0.09 EPS, up 28.57% or $0.02 from last year’s $0.07 per share. RUTH’s profit will be $2.84M for 39.25 P/E if the $0.09 EPS becomes a reality. After $0.22 actual EPS reported by Ruth’s Hospitality Group, Inc. for the previous quarter, Wall Street now forecasts -59.09% negative EPS growth.
Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Ratings Coverage
Out of 3 analysts covering Ruth’s Hospitality Group (NASDAQ:RUTH), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Ruth’s Hospitality Group has been the topic of 3 analyst reports since October 12, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, November 25 by Citigroup. Raymond James downgraded the shares of RUTH in a report on Monday, October 12 to “Mkt Perform” rating. Jefferies downgraded Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) on Tuesday, July 26 to “Hold” rating.
According to Zacks Investment Research, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter.”
Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.15, from 1.19 in 2016Q1. The ratio fall, as 15 funds sold all Ruth’s Hospitality Group, Inc. shares owned while 58 reduced positions. 29 funds bought stakes while 47 increased positions. They now own 26.13 million shares or 5.38% less from 27.61 million shares in 2016Q1.
Panagora Asset Management accumulated 480,208 shares or 0.04% of the stock. Ubs Asset Management Americas has 0% invested in the company for 24,998 shares. Verition Fund Mgmt Llc has 0.02% invested in the company for 10,337 shares. California State Teachers Retirement System accumulated 0% or 66,783 shares. Blackrock Limited holds 0% of its portfolio in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) for 17,031 shares. Susquehanna Intl Grp Llp last reported 42,350 shares in the company. Tudor Inv Corporation Et Al accumulated 33,656 shares or 0.01% of the stock. Parametric Associate Ltd Liability Company holds 0% of its portfolio in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) for 161,501 shares. Schwab Charles Management has 0% invested in the company for 123,831 shares. Principal Fin Grp accumulated 239,245 shares or 0.01% of the stock. Century Cap Management Ltd has 198,956 shares for 0.35% of their US portfolio. Thrivent Fincl For Lutherans has 145,440 shares for 0.01% of their US portfolio. Metropolitan Life Insur Ny owns 26,662 shares or 0% of their US portfolio. Ameriprise holds 0% or 510,420 shares in its portfolio. Natl Bank Of America De holds 0% or 206,650 shares in its portfolio.
More notable recent Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) news were published by: Seekingalpha.com which released: “Ruth’s Hospitality Group: Steak, Comps, And Labor” on September 26, 2016, also Marketwatch.com with their article: “Ruth’s Hospitality Group Inc.” published on December 22, 2009, Businesswire.com published: “Cheryl Henry Named President and COO of Ruth’s Hospitality Group, Inc.” on July 25, 2016. More interesting news about Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) were released by: Businesswire.com and their article: “Ruth’s Hospitality Group, Inc. to Announce Second Quarter 2016 Financial …” published on July 12, 2016 as well as Businesswire.com‘s news article titled: “Ruth’s Hospitality Group, Inc. Reports First Quarter 2016 Financial Results” with publication date: April 28, 2016.
RUTH Company Profile
Ruth’s Hospitality Group, Inc., incorporated on May 11, 2005, develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Firm operates through two divisions: the Company-owned steakhouse restaurant segment and the franchise activities segment. The Company’s Ruth’s Chris restaurants cater to special occasion diners and frequent customers, in addition to the business clientele.
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