Ruth's Hospitality Group Misses Estimates (RUTH)

Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) announced on Friday morning that it missed consensus Wall Street estimates.

Ruth's Hospitality Group, Inc. (RUTH) reported 2nd quarter net income of $4.3 million, or 9 cents per share, up from $2.3 million, or 10 cents per share, a year earlier.

Excluding special items, the company's earnings came in at 8 cents per share.

Revenue rose to $90 million, up from $86.4 million a year earlier.

According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 10 cents per share, on revenue of $91.83 million.

President and chief executive officer Michael P. O'Donnell said, “We generated substantial improvement in net income compared to the year-ago period as positive comparable restaurant sales translated into solid operating leverage."

Ruth's Hospitality Group, Inc. closed at $4.54 per share the previous trading day. Analysts covering the company's stock give it a consensus price target of $5.67 per share.

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