Wedge Capital Management L L P NC decreased its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,600 shares of the restaurant operator’s stock after selling 2,700 shares during the period. Wedge Capital Management L L P NC’s holdings in Ruth’s Hospitality Group were worth $1,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RUTH. Opus Capital Group LLC increased its position in Ruth’s Hospitality Group by 0.3% in the first quarter. Opus Capital Group LLC now owns 14,116 shares of the restaurant operator’s stock valued at $283,000 after buying an additional 48 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Ruth’s Hospitality Group by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in Ruth’s Hospitality Group by 1.3% in the first quarter. Arizona State Retirement System now owns 15,474 shares of the restaurant operator’s stock valued at $310,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund increased its position in Ruth’s Hospitality Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 21,730 shares of the restaurant operator’s stock valued at $473,000 after buying an additional 259 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in Ruth’s Hospitality Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock valued at $139,000 after buying an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 85.61% of the company’s stock.

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) opened at 19.85 on Wednesday. The stock has a 50 day moving average of $20.72 and a 200 day moving average of $20.04. The stock has a market cap of $603.58 million, a P/E ratio of 19.61 and a beta of 0.29. Ruth’s Hospitality Group, Inc. has a one year low of $13.74 and a one year high of $22.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $100 million during the quarter, compared to analyst estimates of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. Ruth’s Hospitality Group’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, analysts forecast that Ruth’s Hospitality Group, Inc. will post $1.07 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio is presently 35.64%.

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Several research firms have weighed in on RUTH. Jefferies Group LLC restated a “hold” rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a report on Friday, June 16th. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Tuesday, July 25th. Finally, BidaskClub downgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.60.

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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