Ruth's replaces Dave & Buster's in Raymond James favorites
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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 (doesnât report until September) relative to RUTH (reports in early August)."
The rest of the Analysts Current Favorite list:

Allstate (ALL), $155
AngioDynamics (ANGO), price target $27
Antero Resources (AR), $60
argenx (ARGX), $455
Blueprint Medicines (BPMC), $133
Clean Harbors (CLH), $135
Cognex (CGNX), $80
Copa Holdings (CPA), $110
CubeSmart (CUBE), $52
Cushman & Wakefield (CWK), $35
DCP Midstream, $45
EchoStar (SATS), $59
Estee Lauder (EL), $320
Federal Signal (FSS), $42
Flywire (FLYW), $33
GoDaddy (GDDY), $108
Hancock Whitney (HWC), $60
HubSpot (HUBS), $500
KiteRealty (KRG), $27
New Relic (NEWR), $70
NGM Biopharmaceuticals (NGM), $42
Nvidia (NVDA), $250
Pacific Premier Bancorp (PPBI), $35
Polaris (PII), $131
Primo Water (PRMW), $21
PulteGroup (PHM), $70
Pure Storage (PSTG), $39
Signature Bank (SBNY), $286
Starwood Property (STWD), $30
Tenet Healthcare (THC), $110
Valero Energy (VLO), $150
WESCO (WCC), $190

See UBS' list of the top stocks in its favorite sectors.