Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,025 shares of the restaurant operator’s stock, valued at approximately $646,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Ruth’s Hospitality Group as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RUTH. Deutsche Bank AG lifted its position in Ruth’s Hospitality Group by 100.0% in the 4th quarter. Deutsche Bank AG now owns 95,043 shares of the restaurant operator’s stock valued at $2,055,000 after acquiring an additional 47,525 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in Ruth’s Hospitality Group in the 4th quarter valued at $282,000. Wells Fargo & Company MN lifted its position in Ruth’s Hospitality Group by 15.7% in the 1st quarter. Wells Fargo & Company MN now owns 440,179 shares of the restaurant operator’s stock valued at $10,761,000 after acquiring an additional 59,628 shares in the last quarter. Dupont Capital Management Corp lifted its position in Ruth’s Hospitality Group by 33.3% in the 1st quarter. Dupont Capital Management Corp now owns 27,380 shares of the restaurant operator’s stock valued at $669,000 after acquiring an additional 6,836 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in Ruth’s Hospitality Group in the 1st quarter valued at $214,000. Institutional investors own 83.26% of the company’s stock.

RUTH opened at $30.80 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. Ruth’s Hospitality Group, Inc. has a 12 month low of $17.95 and a 12 month high of $33.95. The firm has a market capitalization of $1.03 billion, a P/E ratio of 28.00, a P/E/G ratio of 1.71 and a beta of 0.35.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings results on Friday, August 10th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. Ruth’s Hospitality Group had a net margin of 7.92% and a return on equity of 46.72%. The firm had revenue of $109.70 million for the quarter, compared to analyst estimates of $111.72 million. During the same period in the previous year, the business earned $0.25 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. equities analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Thursday, August 23rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 22nd. This represents a $0.44 annualized dividend and a yield of 1.43%. Ruth’s Hospitality Group’s payout ratio is currently 40.00%.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, August 15th. BidaskClub cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Raymond James cut shares of Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research report on Monday, August 13th. Finally, Citigroup boosted their price objective on shares of Ruth’s Hospitality Group from $25.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, June 25th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.00.

Ruth’s Hospitality Group Company Profile

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.

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

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