Ruth’s Hospitality (RUTH) Receives a Buy from Raymond James

In a report released today, Brian Vaccaro from Raymond James reiterated a Buy rating on Ruth’s Hospitality (RUTH), with a price target of $31.00. The company’s shares closed last Tuesday at $26.21, close to its 52-week high of $26.87.

According to, Vaccaro is a 4-star analyst with an average return of 14.8% and a 55.5% success rate. Vaccaro covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Carrols Restaurant Group, and Brinker International.

Ruth’s Hospitality has an analyst consensus of Moderate Buy, with a price target consensus of $30.50, a 15.4% upside from current levels. In a report issued on April 20, Stephens also maintained a Buy rating on the stock with a $30.00 price target.

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Ruth’s Hospitality’s market cap is currently $919.8M and has a P/E ratio of -32.60. The company has a Price to Book ratio of 68.75.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RUTH in relation to earlier this year.

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Ruth’s Hospitality Group, Inc. engages in the development and operation of fine dining restaurants. It operates through the following segments: Company Owned Steakhouse Restaurants and Franchise Operations. The Company-Owned Steakhouse Restaurants segment operates restaurants under the Ruth’s Chris Steak House brand. The Franchise Operations segment includes franchisee-owned Ruth’s Chris Steak House restaurants. The company was founded by Ruth Fertel in 1965 and is headquartered in Winter Park, FL.

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