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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Ruth's Hospitality Group

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In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Ruth's Hospitality Group (NASDAQ: RUTH), and slightly raised its price target from $8.50 to $9.00.

Jefferies noted, “EPS $0.02 beat our/cons $0.01. Ruth's SSS 5.9% vs our 5%/cons 4.8%. Sales leverage kept mgns steady despite cont'd beef infl. & higher mktg costs. Traffic up at both concepts & into Oct (Ruth's MSD, Mitchell's LSD). '13 beef infl. likely +10%+, but downside is relatively limited at current 11x '13 P/E given cont'd sales momentum. '12/13 EPS to $0.50/0.56 (fr. $0.48/0.54). PT $9 (fr. $8.50).”

Ruth's Hospitality Group closed on Tuesday at $6.30.

Latest Ratings for RUTH

Oct 2016Raymond JamesUpgradesMarket PerformOutperform
Oct 2016CitigroupMaintainsNeutral
Jul 2016JefferiesDowngradesBuyHold

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


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