Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 49.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,150 shares of the restaurant operator’s stock after selling 22,100 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ruth’s Hospitality Group were worth $567,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RUTH. First Hawaiian Bank acquired a new stake in shares of Ruth’s Hospitality Group during the 1st quarter worth about $38,000. Meeder Asset Management Inc. acquired a new stake in shares of Ruth’s Hospitality Group during the 1st quarter worth about $57,000. Quantamental Technologies LLC acquired a new stake in Ruth’s Hospitality Group in the 4th quarter valued at about $84,000. Municipal Employees Retirement System of Michigan acquired a new stake in Ruth’s Hospitality Group in the 4th quarter valued at about $185,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Ruth’s Hospitality Group by 349.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,326 shares of the restaurant operator’s stock valued at $235,000 after acquiring an additional 8,027 shares in the last quarter. Institutional investors and hedge funds own 82.00% of the company’s stock.

RUTH opened at $22.87 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $709.88 million, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.14 and a beta of 0.54. Ruth’s Hospitality Group, Inc. has a 1-year low of $21.70 and a 1-year high of $33.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $119.70 million during the quarter, compared to analysts’ expectations of $119.61 million. Ruth’s Hospitality Group had a net margin of 9.21% and a return on equity of 45.79%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. As a group, equities research analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, May 22nd. Ruth’s Hospitality Group’s payout ratio is presently 37.41%.

RUTH has been the subject of several research reports. BidaskClub upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 6th. Stephens initiated coverage on shares of Ruth’s Hospitality Group in a research report on Wednesday, April 17th. They issued an “equal weight” rating and a $28.00 price objective for the company. Citigroup set a $28.00 price objective on shares of Ruth’s Hospitality Group and gave the company a “hold” rating in a research report on Friday, March 8th. Finally, Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.00.

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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.

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

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