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Why Ruth's Hospitality Group Was Down Today

TheMotleyFool

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Why Ruth's Hospitality Group Was Down Today: https://g.foolcdn.com/editorial/images/708242/restaurant-date-cheers-wine-happy-couple-smile.jpg

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

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