SG Americas Securities LLC lifted its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 49.7% during the 1st quarter, Holdings Channel reports. The fund owned 17,086 shares of the restaurant operator’s stock after purchasing an additional 5,674 shares during the quarter. SG Americas Securities LLC’s holdings in Ruth’s Hospitality Group were worth $437,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Hawaiian Bank acquired a new position in shares of Ruth’s Hospitality Group in the 1st quarter worth approximately $38,000. Meeder Asset Management Inc. purchased a new stake in shares of Ruth’s Hospitality Group in the 1st quarter valued at approximately $57,000. Quantamental Technologies LLC purchased a new position in shares of Ruth’s Hospitality Group in the 4th quarter valued at $84,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Ruth’s Hospitality Group in the 4th quarter valued at $185,000. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of 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 buying an additional 8,027 shares during the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.

Several brokerages have issued reports on RUTH. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Citigroup set a $28.00 target price on shares of Ruth’s Hospitality Group and gave the stock a “hold” rating in a research note on Friday, March 8th. BidaskClub cut shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Stephens initiated coverage on shares of Ruth’s Hospitality Group in a research note on Wednesday, April 17th. They issued an “equal weight” rating and a $28.00 target price for the company. Six analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $30.00.

RUTH stock opened at $23.75 on Friday. Ruth’s Hospitality Group, Inc. has a one year low of $21.70 and a one year high of $33.95. The firm has a market capitalization of $738.84 million, a PE ratio of 17.09, a PEG ratio of 1.22 and a beta of 0.54. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 2.20.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, May 3rd. The restaurant operator reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Ruth’s Hospitality Group had a net margin of 9.21% and a return on equity of 45.79%. The company had revenue of $119.70 million during the quarter, compared to analysts’ expectations of $119.61 million. During the same quarter last year, the business earned $0.45 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts expect that Ruth’s Hospitality Group, Inc. will post 1.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Wednesday, May 22nd. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 37.41%.

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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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