Ruth's Hospitality Group (RUTH) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $0.22 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.23. The company posted revenue of $92.65 million in the period, compared to analysts expectations of $92.56 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Ruth's Hospitality Group. Ruth's Hospitality Group was Downgraded by Jefferies to ” Hold” on Jul 26, 2016.
Ruth's Hospitality Group opened for trading at $15.29 and hit $15.56 on the upside on Thursday, eventually ending the session at $15.56, with a gain of 1.37% or 0.21 points. The heightened volatility saw the trading volume jump to 2,79,998 shares. Company has a market cap of $525 M.
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.