Jefferies Reports On Presentation From RUTH

Jefferies is maintaining its Buy rating and its $6 price target on Ruth's Hospitality (NASDAQ: RUTH) following the company's presentation at Jefferies' 2011 Global Consumer Conference.

Says Jefferies, in the report, “Management appeared to be upbeat & satisfied with success of recent initiatives & fixed-price offerings. Development pipeline appears to be building for 2012/2013. Management reiterated its confidence in its 2011 beef inflation outlook of about 6-7%. We find the stock attractively valued and believe that positive SSS momentum can offset the higher beef costs the company is seeing.”

RUTH closed at $5.51 yesterday.