Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Short Interest Down 7.3% in November

Share on StockTwits

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 945,400 shares, a decline of 7.3% from the October 31st total of 1,020,000 shares. Based on an average trading volume of 312,600 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.5% of the shares of the stock are short sold.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter valued at approximately $25,000. Sandy Spring Bank bought a new position in shares of Ruth’s Hospitality Group during the 3rd quarter valued at approximately $41,000. Tower Research Capital LLC TRC bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter valued at approximately $42,000. Tower Research Capital LLC TRC increased its position in shares of Ruth’s Hospitality Group by 35.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,534 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 668 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Ruth’s Hospitality Group during the 2nd quarter valued at approximately $163,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:RUTH opened at $23.37 on Monday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.36 and a quick ratio of 0.26. Ruth’s Hospitality Group has a 1 year low of $18.60 and a 1 year high of $27.14. The stock’s 50 day simple moving average is $22.20 and its two-hundred day simple moving average is $21.73. The company has a market cap of $692.68 million, a price-to-earnings ratio of 16.81, a PEG ratio of 1.23 and a beta of 0.61.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, November 1st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The business had revenue of $103.01 million for the quarter, compared to the consensus estimate of $102.19 million. Ruth’s Hospitality Group had a return on equity of 45.15% and a net margin of 9.26%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, analysts anticipate that Ruth’s Hospitality Group will post 1.41 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.23%. This is an increase from Ruth’s Hospitality Group’s previous quarterly dividend of $0.06. Ruth’s Hospitality Group’s payout ratio is currently 37.41%.

A number of analysts have issued reports on the company. BidaskClub raised Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Zacks Investment Research raised Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, November 20th. Stephens set a $24.00 price objective on Ruth’s Hospitality Group and gave the stock a “hold” rating in a research note on Friday, November 1st. ValuEngine raised Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Piper Jaffray Companies reduced their price objective on Ruth’s Hospitality Group from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Ruth’s Hospitality Group presently has a consensus rating of “Hold” and a consensus target price of $25.00.

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.

Featured Story: Rule of 72

Receive News & Ratings for Ruth's Hospitality Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruth's Hospitality Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.