- Piper Sandler analyst Nicole Miller Regan has upgraded Ruth's Hospitality Group Inc RUTH to Overweight from Neutral with a price target of $28, up from $25 (representing an Upside of 38.72%).
- The analyst likes the company's balanced operating model with 50% company-owned and 50% franchise restaurants.
- Ruth's Hospitality has "balanced consumer positioning across social, local business and special occasions," Miller Regan adds.
- The analyst expects a "rapid industry recovery" alongside a return to company-owned development.
- Ruth's Hospitality had recently reported a 290% year-on-year growth in Q2 revenue, beating the consensus estimate of $106.68 million.
- Price Action: RUTH shares are trading higher by 0.10% at $20.25 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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