Rhumbline Advisers cut its position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,415 shares of the restaurant operator’s stock after selling 4,624 shares during the period. Rhumbline Advisers owned 0.19% of Ruth’s Hospitality Group worth $1,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RUTH. Bank of America Corp DE grew its stake in shares of Ruth’s Hospitality Group by 143.4% in the 1st quarter. Bank of America Corp DE now owns 493,384 shares of the restaurant operator’s stock valued at $9,893,000 after buying an additional 290,659 shares during the period. Kennedy Capital Management Inc. grew its stake in shares of Ruth’s Hospitality Group by 1,296.2% in the 1st quarter. Kennedy Capital Management Inc. now owns 305,696 shares of the restaurant operator’s stock valued at $6,129,000 after buying an additional 283,801 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ruth’s Hospitality Group by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,448 shares of the restaurant operator’s stock valued at $30,685,000 after buying an additional 149,947 shares during the period. Algert Global LLC acquired a new stake in shares of Ruth’s Hospitality Group in the 2nd quarter valued at about $2,212,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Ruth’s Hospitality Group by 46.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 306,202 shares of the restaurant operator’s stock valued at $6,660,000 after buying an additional 97,694 shares during the period. Institutional investors own 81.82% of the company’s stock.

Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) opened at 20.20 on Friday. The firm’s 50-day moving average price is $19.68 and its 200-day moving average price is $20.46. Ruth’s Hospitality Group, Inc. has a 1-year low of $13.74 and a 1-year high of $22.65. The firm has a market cap of $614.22 million, a P/E ratio of 19.96 and a beta of 0.32.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. Equities research analysts anticipate that Ruth’s Hospitality Group, Inc. will post $1.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 35.64%.

Several brokerages have recently commented on RUTH. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC restated a “hold” rating and issued a $20.00 target price on shares of Ruth’s Hospitality Group in a research note on Thursday, August 31st. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a $24.00 target price (up from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Finally, BidaskClub upgraded Ruth’s Hospitality Group from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.60.

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Ruth’s Hospitality Group Profile

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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