Expensive Market, What To Buy? Ruth’s Hospitality Group Inc. (NASDAQ:RUTH), Service Corporation International (NYSE:SCI)

The shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) has been pegged with a rating of Neutral by Piper Sandler in its latest research note that was published on March 17, 2020. The Services company has also assigned a $8 price target. Piper Sandler wasn’t the only research firm that published a report of Ruth’s Hospitality Group Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Outperform rating from Raymond James Markets when it published its report on January 30, 2020. That day the Raymond James set price target on the stock to $25. Raymond James was of a view that RUTH is Mkt Perform in its latest report on August 13, 2018. Raymond James thinks that RUTH is worth Outperform rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $13.00. The price of the stock the last time has raised by 213.61% from its 52-Week high price while it is -73.25% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 32.11.

The shares of the company added by 14.87% during the trading session on Wednesday, reaching a low of $6.74 while ending the day at $7.26. During the trading session, a total of 3.42 million shares were traded which represents a -449.33% decline from the average session volume which is 622750.0 shares. RUTH had ended its last session trading at $6.32. Ruth’s Hospitality Group Inc. currently has a market cap of $198.56 million, while its P/E ratio stands at 5.06, while its P/E earnings growth sits at 0.36, with a beta of 1.79. Ruth’s Hospitality Group Inc. debt-to-equity ratio currently stands at 0.68, while its quick ratio hovers at 0.30 RUTH 52-week low price stands at $2.32 while its 52-week high price is $27.14.

The company in its last quarterly report recorded $0.52 earnings per share which is above the predicted by most analysts. The Ruth’s Hospitality Group Inc. generated 5.57 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.15 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 13.46%. Ruth’s Hospitality Group Inc. has the potential to record 1.23 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Raymond James published a research note on February 20, 2019 where it informed investors and clients that Service Corporation International (NYSE:SCI) is now rated as Outperform. BofA/Merrill also rated SCI as Resumed on September 30, 2016, with its price target of $32 suggesting that SCI could surge by 35.22% from its current share price. Even though the stock has been trading at $37.48/share, analysts expect it to down by -4.51% to reach $55.25/share. It started the day trading at $39.20 and traded between $35.59 and $35.79 throughout the trading session.

A look at its technical shows that SCI’s 50-day SMA is 47.07 while its 200-day SMA stands at 46.31. The stock has a high of $52.89 for the year while the low is $34.45. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 5.09 M shorted shares, the short percentage went higher by 12.22%, as 5.71M RUTH shares were shorted. At the moment, only 2.90% of Service Corporation International shares were sold short. The company’s P/E ratio currently sits at 17.96, while the P/B ratio is 3.58. The company’s average trading volume currently stands at 1.13M shares, which means that the short-interest ratio is just 4.51 days. Over the past seven days, the company moved, with its shift of -2.56%. Looking further, the stock has dropped -21.98% over the past 90 days while it lost -23.93% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more SCI shares, increasing its portfolio by 1.47% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 236,771 shares in the last quarter, thus it now holds 16,331,237 shares of SCI, with a total valuation of $780,469,816. BlackRock Fund Advisors meanwhile bought more SCI shares in the recently filed quarter, changing its stake to $718,085,802 worth of shares.

Similarly, Baillie Gifford & Co. decreased its Service Corporation International shares by 3.66% during the recently filed quarter. After selling 11,203,251 shares in the last quarter, the firm now controls -426,007 shares of Service Corporation International which are valued at $535,403,365. In the same vein, AllianceBernstein LP decreased its Service Corporation International shares by during the most recent reported quarter. The firm bought 472,545 shares during the quarter which decreased its stakes to 7,682,982 shares and is now valued at $367,169,710. Following these latest developments, around 1.50% of Service Corporation International stocks are owned by institutional investors and hedge funds.