SG Americas Securities LLC boosted its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 404.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,536 shares of the restaurant operator’s stock after purchasing an additional 35,716 shares during the quarter. SG Americas Securities LLC owned about 0.15% of Ruth’s Hospitality Group worth $1,405,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Dupont Capital Management Corp lifted its stake in Ruth’s Hospitality Group by 40.0% in the 3rd quarter. Dupont Capital Management Corp now owns 43,151 shares of the restaurant operator’s stock worth $1,361,000 after purchasing an additional 12,330 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Ruth’s Hospitality Group by 26.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 75,660 shares of the restaurant operator’s stock worth $2,387,000 after purchasing an additional 15,830 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Ruth’s Hospitality Group by 1,129.3% in the 3rd quarter. WINTON GROUP Ltd now owns 410,058 shares of the restaurant operator’s stock worth $12,937,000 after purchasing an additional 376,702 shares in the last quarter. Cadence Capital Management LLC lifted its stake in Ruth’s Hospitality Group by 20.2% in the 3rd quarter. Cadence Capital Management LLC now owns 90,531 shares of the restaurant operator’s stock worth $2,856,000 after purchasing an additional 15,222 shares in the last quarter. Finally, Pitcairn Co. purchased a new stake in Ruth’s Hospitality Group in the 3rd quarter worth $301,000. Institutional investors and hedge funds own 83.89% of the company’s stock.

Shares of NASDAQ RUTH opened at $24.33 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.27 and a current ratio of 0.39. The stock has a market cap of $732.34 million, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.21 and a beta of 0.49. Ruth’s Hospitality Group, Inc. has a 12-month low of $20.80 and a 12-month high of $33.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, November 2nd. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $99.02 million for the quarter, compared to analysts’ expectations of $95.85 million. Ruth’s Hospitality Group had a net margin of 8.10% and a return on equity of 47.19%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. As a group, sell-side analysts expect that Ruth’s Hospitality Group, Inc. will post 1.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, November 14th. Ruth’s Hospitality Group’s dividend payout ratio is 40.00%.

Several analysts have commented on the stock. ValuEngine cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Raymond James cut shares of Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research note on Monday, August 13th. BidaskClub cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, Citigroup decreased their target price on shares of Ruth’s Hospitality Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research report on Monday, November 12th. Six research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $30.33.

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Ruth’s Hospitality Group 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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