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Shares of Ruth's Hospitality Receive a Boost, Up 4.1%

Published on Tue, 02/19/2013 - 11:14
By Robert Cotter

Up 4.1% to $8.68, Ruth's Hospitality (NASDAQ:RUTH), is one of today's notable movers. The Dow is up 0.4% to 14,033 and the S&P is currently up 0.4% to 1,526.

Ruth's Hospitality (NASDAQ:RUTH) defies analysts with a current price ($8.68) 0.2% above its average consensus price target of $8.67. The stock should find initial support at its 50-day moving average (MA) of $7.62 and further support at its 200-day MA of $6.80.

Over the past year, Ruth's Hospitality has traded in a range of $3.79 to $8.75 and is now at $8.68, 129% above that low. The 200-day and 50-day moving averages have moved 0.28% higher and 0.64% higher over the past week, respectively.

Ruth's Hospitality Group Inc. operates a chain of upscale steak houses. The Company's restaurants are located throughout the United States and in several international locations.

By Robert Cotter
rcotter@fnno.com