Why Ruth's Hospitality Group Was Down Today
Shares of Ruth's Hospitality Group (NASDAQ: RUTH) were falling today after the parent of Ruth's Chris steakhouses got hit by an analyst downgrade one trading day after it reported earnings.
As of 2:46 p.m. ET, the stock was down 8.2%.
Raymond James analyst Brian Vaccaro lowered his rating on the high-end steakhouse chain from outperform to market perform, arguing that higher inflation would weigh on earnings next year.
Source Fool.com
