Invictus RG Takes $272,000 Position in Ruth’s Hospitality Group, Inc. (RUTH)

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Invictus RG bought a new stake in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,613 shares of the restaurant operator’s stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. HL Financial Services LLC grew its stake in Ruth’s Hospitality Group by 15.0% during the second quarter. HL Financial Services LLC now owns 13,812 shares of the restaurant operator’s stock valued at $387,000 after acquiring an additional 1,797 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Ruth’s Hospitality Group by 2.5% in the 2nd quarter. Victory Capital Management Inc. now owns 90,643 shares of the restaurant operator’s stock worth $2,542,000 after buying an additional 2,249 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Ruth’s Hospitality Group by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 56,848 shares of the restaurant operator’s stock worth $1,599,000 after buying an additional 2,304 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of Ruth’s Hospitality Group in the 3rd quarter worth $101,000. Finally, Dupont Capital Management Corp grew its stake in shares of Ruth’s Hospitality Group by 12.6% in the 2nd quarter. Dupont Capital Management Corp now owns 30,821 shares of the restaurant operator’s stock worth $865,000 after buying an additional 3,441 shares in the last quarter. 83.89% of the stock is owned by institutional investors.

RUTH has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Ruth’s Hospitality Group from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, November 12th. 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 raised shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Six analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $30.33.

Shares of NASDAQ:RUTH opened at $24.03 on Friday. Ruth’s Hospitality Group, Inc. has a 52 week low of $20.80 and a 52 week high of $33.95. The firm has a market capitalization of $749.59 million, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.24 and a beta of 0.49. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.39 and a quick ratio of 0.27.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, November 2nd. The restaurant operator reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Ruth’s Hospitality Group had a net margin of 8.10% and a return on equity of 47.19%. The business had revenue of $99.02 million during the quarter, compared to analysts’ expectations of $95.85 million. During the same period last year, the company posted $0.06 EPS. The business’s revenue was up 16.3% on a year-over-year basis. As a group, research analysts expect that Ruth’s Hospitality Group, Inc. will post 1.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th were paid a $0.11 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.83%. Ruth’s Hospitality Group’s payout ratio is currently 40.00%.

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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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