UPDATE: Deutsche Bank Raises Ruth's Hospitality Group's PT

According to a research report published this morning, Deutsche Bank has increased Ruth's Hospitality Group's RUTH PT from $7.75 to $8. In the report, Deutsche Bank said, "RUTH posted another decent quarter (+14% EPS growth) despite higher y/y food costs and a choppy macro environment. With April sales trends solid, incremental pricing now in the menu, and a gradual pick up in unit growth, we believe RUTH is still attractively positioned, particularly at this valuation (7.5x EBITDA vs. industry 9.8x). Maintain Buy." Ruth's Hospitality is currently trading at $7.00.