Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) currently has a daily average trading volume of 1.01M but it saw 1487504 shares traded on Thursday. With a market cap of 688.33M USD, stock’s current market price of $21.43 came rising about 0.05 while comparing to the previous closing price of $21.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.50 and as low as $14.65. In the recent trading on the day, stock has struck highest price mark of $21.44 while lowest mark touched by it was $21.42.
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Taking a look at 20-day trading activity of Ruth’s Hospitality Group Inc. (RUTH) gives us an average price of $20.62, while its current price level is -0.33% below from 52-week high level whereas it is 46.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $18.04 while that of 200 days or SMA-200 reads an average of $17.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.14% during that period while stretching the period over a month that increases to 0.83%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 79.12 which implies that the stock is in overbought territory.
Ruth’s Hospitality Group Inc. (RUTH)’s stock is currently under the radar of 4 analysts who are in consensus at a 12-month price target range of between $21.50 and $21.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $21.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $21.50. Average price target assigned by them is $21.50 which highlights an upside potential of 0.33% for the stock over that period. And to attain the median price target of $21.50 assigned by those analysts, stock has to add about 0.33% of value to its current levels.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, RUTH’s stock price is moving 0.05% up while it is 39.29% when we observe its performance for the past one month. Year-to-date it is 38.44% up and over the past year, the stock is showing an upside performance of 32.12%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.35 beaten by the consensus estimate of $0.36 for the same. The company is expected to be releasing its next quarterly report in 08/04/2023, for which analysts forecasted an EPS of $0.33 while estimate for next year EPS is $1.32. In next quarter, company is expected to be making quarterly sales of $119.48 million as analysts are expecting the sales for current fiscal year at $549.38 million and seeing the company making $577.08 million in sales next year. Moreover, analysts are in estimates of $134.49 million for current-quarter revenue.
Currently, Ruth’s Hospitality Group Inc.’s total number of outstanding shares is 32.03M with 6.14% of that held by the insiders while 89.54% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 24.60% and return on equity (ROE) at 28.70%. It has a price to earnings ratio (P/E ratio) of 17.92 while having a 16.23 of forward P/E ratio. Stock’s beta reads 1.79. Stock has a price to book (P/B) ratio of 4.92 while price to sale or P/S ratio amounts to 1.33. Its return on asset (ROA) is 7.70% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.16% in the Ruth’s Hospitality Group Inc. (RUTH) decreasing its stake to 6.87% with control over 3536.0 shares in the company.
