Nationwide Fund Advisors reduced its stake in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,562 shares of the restaurant operator’s stock after selling 1,440 shares during the period. Nationwide Fund Advisors owned 0.14% of Ruth’s Hospitality Group worth $947,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RUTH. State of Alaska Department of Revenue raised its position in Ruth’s Hospitality Group by 77.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,826 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 2,536 shares during the last quarter. Mason Street Advisors LLC raised its position in Ruth’s Hospitality Group by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock worth $139,000 after purchasing an additional 455 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Ruth’s Hospitality Group during the 1st quarter worth $184,000. HL Financial Services LLC bought a new position in Ruth’s Hospitality Group during the 2nd quarter worth $206,000. Finally, Trexquant Investment LP bought a new position in Ruth’s Hospitality Group during the 2nd quarter worth $209,000. 81.82% of the stock is owned by institutional investors and hedge funds.

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Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) opened at 20.65 on Thursday. The firm’s 50-day moving average price is $20.56 and its 200-day moving average price is $20.72. Ruth’s Hospitality Group, Inc. has a one year low of $14.25 and a one year high of $22.65. The firm has a market capitalization of $627.90 million, a P/E ratio of 20.41 and a beta of 0.33.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $100.00 million during the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. On average, equities analysts forecast that Ruth’s Hospitality Group, Inc. will post $1.07 earnings per share for the current year.

Several research analysts recently issued reports on the company. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Zacks Investment Research lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. BidaskClub lowered Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 target price on shares of Ruth’s Hospitality Group in a research report on Sunday, July 30th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $24.00 price target (up from $22.50) on shares of Ruth’s Hospitality Group in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Ruth’s Hospitality Group currently has a consensus rating of “Hold” and a consensus price target of $22.00.

About Ruth’s Hospitality Group

Ruth’s Hospitality Group, Inc develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

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

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