Capital Fund Management S.A. bought a new position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,400 shares of the restaurant operator’s stock, valued at approximately $297,000.

A number of other large investors have also recently added to or reduced their stakes in RUTH. Invictus RG bought a new stake in Ruth’s Hospitality Group during the third quarter valued at $272,000. Ancora Advisors LLC bought a new stake in Ruth’s Hospitality Group during the third quarter valued at $101,000. Fuller & Thaler Asset Management Inc. boosted its stake in Ruth’s Hospitality Group by 3.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 918,633 shares of the restaurant operator’s stock valued at $28,983,000 after buying an additional 27,426 shares during the period. Ativo Capital Management LLC boosted its stake in Ruth’s Hospitality Group by 60.1% during the third quarter. Ativo Capital Management LLC now owns 32,011 shares of the restaurant operator’s stock valued at $1,010,000 after buying an additional 12,011 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ruth’s Hospitality Group by 63.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,525 shares of the restaurant operator’s stock valued at $1,184,000 after buying an additional 14,500 shares during the period. 83.89% of the stock is owned by institutional investors and hedge funds.

Shares of RUTH stock opened at $23.77 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.39 and a quick ratio of 0.27. Ruth’s Hospitality Group, Inc. has a 12-month low of $20.80 and a 12-month high of $33.95. The stock has a market cap of $753.91 million, a price-to-earnings ratio of 21.61, a PEG ratio of 1.24 and a beta of 0.49.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings results on Friday, November 2nd. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Ruth’s Hospitality Group had a return on equity of 47.19% and a net margin of 8.10%. The firm had revenue of $99.02 million during the quarter, compared to analyst estimates of $95.85 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue was up 16.3% compared to the same quarter last year. Equities research analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.85%. The ex-dividend date was Wednesday, November 14th. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is currently 40.00%.

Several equities research analysts recently issued reports on the company. ValuEngine lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Citigroup dropped their price objective on Ruth’s Hospitality Group from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, November 12th. BidaskClub lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Zacks Investment Research lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Raymond James lowered Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research note on Monday, August 13th. Six analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $30.33.

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About Ruth’s Hospitality Group

Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

Read More: Why is the ex-dividend date different from the record date?

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Institutional Ownership by Quarter for Ruth`s Hospitality Group (NASDAQ:RUTH)

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