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Fly News Breaks for May 3, 2019
RUTH
May 3, 2019 | 17:26 EDT
Stephens analyst Will Slabaugh kept his Equal Weight rating and $28 price target on Ruth's Hospitality after its in-line Q1 earnings, revenue beat and a 1.8% comps increase, saying the quarter was a "positive" in highlighting its stronger pipeline for unit growth. The analyst also points to "poor traffic and cost inflation headwinds" for the broader restaurant industry.
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