Ruth's Hospitality: Best day in over 1-yr

Ruth's Hospitality

01/11/2019 16:22

** Steak house operator's shares  RUTH.O  rise 21.2% to
$24.96 - set for biggest one day pct gain in over 1-yr, after Q3
profit, rev beat
    ** RUTH posts Q3 adj. profit of $0.15 per share vs Street
expectation of $0.10 per share helped by an increase in
restaurant sales  urn:newsml:reuters.com:*:nASC0AHG0
    ** Stephens analyst Will Slabaugh says believe RUTH is a
"high quality asset" 
    ** Support move to more aggressively buy stock of RUTH
-Stephens analyst
    ** 1 of 5 brokerages rate the stock "buy", remaining "hold"
    ** Stock has fallen ~9.46% so far this year

 (Reporting by Nilanjana Basu in Bengaluru)