After Achieving All-Time High, Is Ruth's Hospitality Group, Inc. (RUTH)’s Near-Term Analysis Positive?

April 16, 2018 - By Vivian Currie

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) Logo

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.05, from 1.11 in 2017Q3. It is negative, as 15 investors sold Ruth's Hospitality Group, Inc. shares while 51 reduced holdings. 28 funds opened positions while 42 raised stakes. 25.22 million shares or 0.35% less from 25.30 million shares in 2017Q3 were reported.
Great West Life Assurance Communication Can holds 40,798 shares. Moreover, Mufg Americas Hldg Corp has 0% invested in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) for 666 shares. State Board Of Administration Of Florida Retirement Systems stated it has 0% of its portfolio in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH). Prospector Prns Ltd Company has 100,400 shares for 0.32% of their portfolio. Indexiq Ltd Limited Liability Company holds 0.06% or 70,248 shares in its portfolio. Renaissance Tech Limited Company invested 0% of its portfolio in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH). Moreover, Aperio Gru Llc has 0% invested in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) for 13,188 shares. Prudential reported 98,588 shares. Stevens Management Lp has 11,219 shares. Tiaa Cref Investment Mgmt, a New York-based fund reported 170,290 shares. 347,275 are owned by Schwab Charles Invest Management Incorporated. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt owns 0% invested in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) for 20,100 shares. Shell Asset Mgmt accumulated 51,260 shares or 0.02% of the stock. Louisiana State Employees Retirement Sys accumulated 12,500 shares. Comerica Bank accumulated 24,984 shares or 0% of the stock.

Since December 13, 2017, it had 0 insider buys, and 2 selling transactions for $584,953 activity. HENRY CHERYL JANET also sold $386,543 worth of Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) on Wednesday, December 13.

The stock of Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) reached all time high today, Apr, 16 and still has $28.30 target or 8.00 % above today’s $26.20 share price. This indicates more upside for the $810.61 million company. This technical setup was reported by If the $28.30 PT is reached, the company will be worth $64.85M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.54% or $0.65 during the last trading session, reaching $26.2. About 151,811 shares traded. Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) has risen 21.52% since April 16, 2017 and is uptrending. It has outperformed by 9.97% the S&P500.

Analysts await Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) to report earnings on May, 4. They expect $0.43 EPS, up 22.86 % or $0.08 from last year’s $0.35 per share. RUTH’s profit will be $13.30M for 15.23 P/E if the $0.43 EPS becomes a reality. After $0.44 actual EPS reported by Ruth's Hospitality Group, Inc. for the previous quarter, Wall Street now forecasts -2.27 % negative EPS growth.

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) Ratings Coverage

Among 3 analysts covering Ruth’s Hospitality (NASDAQ:RUTH), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Ruth’s Hospitality had 3 analyst reports since January 29, 2018 according to SRatingsIntel. The firm has “Hold” rating by Deutsche Bank given on Friday, March 2. The rating was maintained by Citigroup on Monday, February 26 with “Neutral”. The firm has “Buy” rating given on Monday, January 29 by Raymond James.

RuthÂ’s Hospitality Group, Inc., together with its subsidiaries, develops, operates, and franchises fine dining restaurants. The company has market cap of $810.61 million. The Company’s restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele. It has a 26.82 P/E ratio. The firm operates restaurants under the RuthÂ’s Chris Steak House trade name.

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) Institutional Positions Chart

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