Ruth's Hospitality Group (RUTH) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jul 26, 2016.
On the company’s financial health, Ruth's Hospitality Group reported $0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.34. The company had revenue of $101.90 million for the quarter, compared to analysts expectations of $102.11 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Ruth's Hospitality Group closed down -0.08 points or -0.50% at $15.77 with 1,78,340 shares getting traded on Wednesday. Post opening the session at $15.91, the shares hit an intraday low of $15.75 and an intraday high of $15.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 14, 2016, Michael P Odonnell (CEO) purchased 1,600 shares at $17.39 per share price. According to the SEC, on Feb 25, 2016, Kevin W Toomy (P&COO- Ruth’s Chris Steak Hse) sold 21,249 shares at $16.71 per share price.
Ruth’s Hospitality Group Inc. is a restaurant company focused on the upscale dining segment. The Company operates Company-owned restaurants and sells franchise rights to Ruth’s Chris Steak House franchisees giving the franchisees the right to operate similar restaurants in a particular area designated in the franchise agreement. It has approximately 143 Ruth’s Chris Steak House restaurants including 65 Company-owned restaurants one restaurant operating under a management agreement and 77 franchisee-owned restaurants including 20 international franchisee-owned restaurants in Aruba Canada China Hong Kong El Salvador Japan Mexico Panama Singapore Taiwan and the United Arab Emirates. Its segments include the Company-owned steakhouse segment and the franchise operations segment.