U.S. stocks traded mostly higher, with the Dow Jones gaining more than 150 points on Monday. Here are some big stocks recording losses in today’s session.
With food inflation still surging, up 8% for the twelve months ended August, and the Russia-Ukraine war adding to global food constraints, it's easy to see why restaurant brands and operators are experiencing diminishing margins on their bottom line.
Stephens & Co. analyst Joshua Long initiates coverage on Ruth's Hospitality Group (NASDAQ:RUTH) with a Overweight rating and announces Price Target of $22.
According to Benzinga Pro data Ruth's Hospitality Group (NASDAQ:RUTH) posted a 0.75% decrease in earnings from Q1. Sales, however, increased by 1.99% over the previous quarter to $128.65 million.