UPDATE: Deutsche Bank Raises PT on Ruth's Hospitality Group Following Solid Beat

In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Ruth's Hospitality Group RUTH, and raised the price target from $11.00 to $13.00.

In the report, Deutsche Bank noted, “Another beat, on solid comps and improving margins. RUTH posted a 3c beat as SSS at its core brand remain on solid footing while commodity inflation pressure eased. Current sales trends remain above avg. in 3Q and while we believe there is some conservatism built into guidance, we are looking for a better entry point. Maintain hold.”

Ruth's Hospitality Group closed on Friday at $12.50.