Ruth's replaces Dave & Buster's in Raymond James favorites

A Ruth"s Chris Steak House Restaurant in Mississauga, On, Canada.

JHVEPhoto/iStock Editorial via Getty Images

Raymond James updated its list of analyst favorite stocks with a swap in the restaurant subsector.

Analysts can only have one favorite idea among the stocks they cover rated Strong Buy or Outperform.

Ruth's Hospitality Group (NASDAQ:RUTH) makes it onto the Analysts Current Favorites list, replacing Dave & Buster's (NASDAQ:PLAY).

"We expect RUTH to report strong 2Q results powered by continued strong outperformance within the fine dining segment," Raymond James said. "We also expect the company to be perhaps the only company in our universe that will experience 2H commodity deflation as it laps exceptionally high Prime grade beef costs in 2H21."

RUTH has a price target of $27.

"We are removing PLAY from the ACF list given its lack of near-term catalysts (doesn’t report until September) relative to RUTH (reports in early August)."

The rest of the Analysts Current Favorite list:

  1. Allstate (ALL), $155
  2. AngioDynamics (ANGO), price target $27
  3. Antero Resources (AR), $60
  4. argenx (ARGX), $455
  5. Blueprint Medicines (BPMC), $133
  6. Clean Harbors (CLH), $135
  7. Cognex (CGNX), $80
  8. Copa Holdings (CPA), $110
  9. CubeSmart (CUBE), $52
  10. Cushman & Wakefield (CWK), $35
  11. DCP Midstream, $45
  12. EchoStar (SATS), $59
  13. Estee Lauder (EL), $320
  14. Federal Signal (FSS), $42
  15. Flywire (FLYW), $33
  16. GoDaddy (GDDY), $108
  17. Hancock Whitney (HWC), $60
  18. HubSpot (HUBS), $500
  19. KiteRealty (KRG), $27
  20. New Relic (NEWR), $70
  21. NGM Biopharmaceuticals (NGM), $42
  22. Nvidia (NVDA), $250
  23. Pacific Premier Bancorp (PPBI), $35
  24. Polaris (PII), $131
  25. Primo Water (PRMW), $21
  26. PulteGroup (PHM), $70
  27. Pure Storage (PSTG), $39
  28. Signature Bank (SBNY), $286
  29. Starwood Property (STWD), $30
  30. Tenet Healthcare (THC), $110
  31. Valero Energy (VLO), $150
  32. WESCO (WCC), $190

Recommended For You

Comments (19)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.