Russell Investments Group Ltd. Has $2.90 Million Stake in Ruth’s Hospitality Group, Inc. (RUTH)

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Russell Investments Group Ltd. increased its holdings in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 306.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,454 shares of the restaurant operator’s stock after buying an additional 78,000 shares during the quarter. Russell Investments Group Ltd. owned 0.33% of Ruth’s Hospitality Group worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of RUTH. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ruth’s Hospitality Group by 126.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,439 shares of the restaurant operator’s stock valued at $181,000 after purchasing an additional 3,600 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Ruth’s Hospitality Group in the second quarter valued at about $188,000. Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in Ruth’s Hospitality Group in the second quarter valued at about $209,000. SG Americas Securities LLC acquired a new stake in shares of Ruth’s Hospitality Group in the second quarter worth about $247,000. Finally, Koch Industries Inc. acquired a new stake in shares of Ruth’s Hospitality Group in the first quarter worth about $274,000. Institutional investors and hedge funds own 84.74% of the company’s stock.

Shares of NASDAQ RUTH traded up $0.10 during trading hours on Friday, hitting $29.08. 318,961 shares of the company’s stock were exchanged, compared to its average volume of 250,118. Ruth’s Hospitality Group, Inc. has a 1-year low of $19.45 and a 1-year high of $33.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.25 and a current ratio of 0.37. The stock has a market capitalization of $967.81 million, a PE ratio of 26.44, a P/E/G ratio of 1.59 and a beta of 0.36.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, August 10th. The restaurant operator reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Ruth’s Hospitality Group had a return on equity of 45.99% and a net margin of 7.92%. The business had revenue of $109.70 million during the quarter, compared to analysts’ expectations of $111.72 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.39 EPS for the current fiscal year.

RUTH has been the subject of a number of analyst reports. Citigroup boosted their price target on Ruth’s Hospitality Group from $25.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, June 25th. Zacks Investment Research cut Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 5th. BidaskClub cut Ruth’s Hospitality Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 26th. Finally, Raymond James cut Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research report on Monday, August 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.67.

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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