Jefferies Downgrades Ruth's Hospitality Group to Hold

Brokerage firm Jefferies Downgrades its rating on Ruth's Hospitality Group(NASDAQ:RUTH). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Jefferies was issued on Jul 26, 2016.

Ruth's Hospitality Group (RUTH) made into the market gainers list on Fridays trading session with the shares advancing 2.63% or 0.41 points. Due to strong positive momentum, the stock ended at $15.97, which is also near the day’s high of $16.44. The stock began the session at $15.73 and the volume stood at 6,39,344 shares. The 52-week high of the shares is $18.78 and the 52 week low is $14.9. The company has a current market capitalization of $539 M and it has 3,37,46,199 shares in outstanding.

Ruth's Hospitality Group(RUTH) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $101.89M. Analysts had an estimated revenue of $104.56M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, Michael P Odonnell (CEO) purchased 1,600 shares at $17.39 per share price.Also, 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.

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