Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) operator of fine dining restaurants, is reporting third quarter earnings results on Friday 30th October 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.19 per share.
For the full year, analysts predict revenues of $ 276.84 million, while looking forward to loss of $ 0.58 per share.
Previous Quarter Performance
Ruth's Hospitality Group, Inc. unveiled loss for the second quarter of $ 0.48 per share, from the revenue of $ 28.42 million. The quarterly revenues declined 74.68 percent compared with the same quarter last year. Street analysts expected Ruth's Hospitality Group, Inc. to report loss of $ 0.53 per share on revenue of $ 28.51 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 9.43 percent, at the same time, top line results fell short of analysts by $ 0.09 million or 0.32 percent.
Stock Performance
Shares of Ruth's Hospitality Group, Inc. traded up $ 0.94 or 8.80 percent on Thursday, reaching $ 11.62 with volume of 903.10 thousand shares. Ruth's Hospitality Group, Inc. has traded high as $ 11.64 and has cracked $ 10.68 on the downward trend
According to the previous trading day, closing price of $ 11.62, representing a 360.34 % increase from the 52 week low of $ 2.32 and a 58.57 % decrease over the 52 week high of $ 25.78.
The company has a market capital of $ 441.53 million and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 12th October 2020, upgraded by Stephens to Overweight from Equal-Weight rating.
- On 17th September 2020, maintained by Raymond James at Outperform rating, with $ 15.00 target price.
- On 1st September 2020, maintained by Raymond James at Outperform rating, with $ 12.50 target price.
Conference Call
Ruth's Hospitality Group, Inc. will be hosting a conference call at 8:30 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rhgi.com
Ruths Hospitality Group, Inc., together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruths Chris Steak House name. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele. As of February 22, 2019, the company had approximately 150 company-owned and franchisee-owned restaurants worldwide.
