Royal Bank of Canada boosted its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 229,042 shares of the restaurant operator’s stock after acquiring an additional 14,231 shares during the period. Royal Bank of Canada owned 0.75% of Ruth’s Hospitality Group worth $4,982,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Ruth’s Hospitality Group by 10.0% in the 2nd quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock valued at $93,252,000 after purchasing an additional 389,525 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ruth’s Hospitality Group by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,378,750 shares of the restaurant operator’s stock valued at $51,737,000 after purchasing an additional 44,441 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ruth’s Hospitality Group by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,628,865 shares of the restaurant operator’s stock valued at $35,428,000 after purchasing an additional 98,417 shares in the last quarter. State Street Corp boosted its holdings in Ruth’s Hospitality Group by 4.5% in the 1st quarter. State Street Corp now owns 901,073 shares of the restaurant operator’s stock valued at $18,061,000 after purchasing an additional 38,941 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Ruth’s Hospitality Group by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 891,570 shares of the restaurant operator’s stock valued at $17,875,000 after purchasing an additional 10,074 shares in the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

A number of brokerages have weighed in on RUTH. Zacks Investment Research raised Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Ruth’s Hospitality Group in a report on Thursday, August 31st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $24.00 price objective (up previously from $22.50) on shares of Ruth’s Hospitality Group in a report on Monday, July 10th. Finally, BidaskClub raised Ruth’s Hospitality Group from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.00.

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Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) opened at 20.70 on Friday. The stock’s 50 day moving average price is $20.47 and its 200 day moving average price is $20.70. Ruth’s Hospitality Group, Inc. has a 52 week low of $14.10 and a 52 week high of $22.65. The stock has a market cap of $629.42 million, a price-to-earnings ratio of 20.45 and a beta of 0.33.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The business had revenue of $100.00 million for the quarter, compared to analyst estimates of $99.34 million. During the same quarter last year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Ruth’s Hospitality Group, Inc. will post $1.07 EPS for the current fiscal year.

Ruth’s Hospitality Group Company 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.

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

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