BlackRock Fund Advisors recently announced the acquisition of new stake in Ruth’s Hospitality Group Inc. (NASDAQ:RUTH). The institutional investor has increased its shareholding in the Consumer Cyclical company by 6.35% to 4.26 million shares with purchase of 0.25 million shares. This fresh investment now brings its stake to 12.45% valued currently at $28.51 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.3 million to 2.03 million shares. And AllianceBernstein LP has lifted its position by 136.30% or 1.17 million shares – to 2.02 million shares.
With over 1.92 million Ruth’s Hospitality Group Inc. (RUTH) shares trading Monday and a closing price of $10.27 on the day, the dollar volume was approximately $19.67 million. The shares have shown a positive weekly performance of 12.91% and its price on 08/31/20 lost nearly -6.76%. Currently, there are 34.92M common shares owned by the public and among those 32.11M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for RUTH have a consensus price objective of $8.63. The analysts have set the share’s price value over the next 12 months at a high of $10.00 and a low of $7.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Ruth’s Hospitality Group Inc. stock is 2.80 for the next 12 months. The average price target is -19.0% below its last price level and a downside to the estimated low will see the stock lose -36.93% over that period. But an upside of -2.7% will see the stock hit the forecast high price target while mean target price for the stock is $8.50.
Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 174,182 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 150,518 shares.
The top 3 mutual fund holders in Ruth’s Hospitality Group Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. iShares Core S&P Small Cap ETF owns 1.95 million shares of the company’s stock, all valued at over $13.03 million. The company bought an additional 6972.0 shares recently to bring their total holdings to about 5.69% of the shares outstanding. iShares Russell 2000 ETF sold 27846.0 shares to bring its total holdings to over 0.6 million shares at a value of $3.99 million. iShares Russell 2000 ETF now owns shares totaling to 1.74% of the shares outstanding.
Shares of Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) opened at $11.02, unchanged from a prior closing price of $11.02. However, the script later closed the day at $10.27, down -6.76%. The company’s stock has a 5-day price change of 12.91% and 21.60% over the past three months. RUTH shares are trading -52.79% year to date (YTD), with the 12-month market performance down to -47.17% lower. It has a 12-month low price of $2.32 and touched a high of $25.77 over the same period. Currently, 1.92 million shares have been traded, compared to an average intraday trading volume of 1.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 18.85%, 29.27%, and -24.17% respectively.
Institutional ownership of Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) shares accounts for 65.40% of the company’s 34.92M shares outstanding. Mutual fund holders own 32.38%, while other institutional holders and individual stakeholders account for 33.17% and 29.56% respectively.
It has a market capitalization of $323.66M and a beta (3y monthly) value of 2.06. The earnings-per-share (ttm) stands at -$0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.88% over the week and 7.09% over the month.
Analysts forecast that Ruth’s Hospitality Group Inc. (RUTH) will achieve an EPS of -$0.22 for the current quarter, -$0.02 for the next quarter and $0.46 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.29 while analysts give the company a high EPS estimate of -$0.17. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 6.30%, and 174.20% over the next financial year. EPS should grow at an annualized rate of 14.18% over the next five years, compared to 13.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Ruth’s Hospitality Group Inc. (RUTH) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 4 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the RUTH, a number of firms have released research notes about the stock. Stephens stated their Equal-Weight rating for the stock in a research note on June 12, 2020, with the firm’s price target at. Piper Sandler coverage for the Ruth’s Hospitality Group Inc. (RUTH) stock in a research note released on March 17, 2020 offered a Neutral rating with a price target of $8. CL King was of a view on March 09, 2020 that the stock is Neutral, while Raymond James gave the stock Outperform rating on January 30, 2020, issuing a price target of $25. Stephens on their part issued Equal-Weight rating on April 18, 2019.