Tower Research Capital LLC TRC Buys 668 Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

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Tower Research Capital LLC TRC boosted its stake in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 35.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,534 shares of the restaurant operator’s stock after purchasing an additional 668 shares during the period. Tower Research Capital LLC TRC’s holdings in Ruth’s Hospitality Group were worth $51,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RUTH. Bowling Portfolio Management LLC bought a new position in Ruth’s Hospitality Group during the second quarter valued at approximately $1,299,000. SG Americas Securities LLC lifted its position in Ruth’s Hospitality Group by 271.6% during the second quarter. SG Americas Securities LLC now owns 63,488 shares of the restaurant operator’s stock valued at $1,442,000 after purchasing an additional 46,402 shares during the period. Dupont Capital Management Corp lifted its position in Ruth’s Hospitality Group by 4.1% during the second quarter. Dupont Capital Management Corp now owns 69,886 shares of the restaurant operator’s stock valued at $1,587,000 after purchasing an additional 2,776 shares during the period. Envestnet Asset Management Inc. lifted its position in Ruth’s Hospitality Group by 17.9% during the second quarter. Envestnet Asset Management Inc. now owns 50,462 shares of the restaurant operator’s stock valued at $1,146,000 after purchasing an additional 7,659 shares during the period. Finally, Swiss National Bank lifted its position in Ruth’s Hospitality Group by 2.1% during the second quarter. Swiss National Bank now owns 54,500 shares of the restaurant operator’s stock valued at $1,238,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 83.79% of the company’s stock.

RUTH opened at $23.38 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.26 and a debt-to-equity ratio of 3.39. Ruth’s Hospitality Group, Inc. has a 1-year low of $18.60 and a 1-year high of $27.14. The company has a market capitalization of $689.44 million, a PE ratio of 16.82, a PEG ratio of 1.23 and a beta of 0.63. The firm’s 50 day simple moving average is $22.43 and its two-hundred day simple moving average is $21.69.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings results on Friday, November 1st. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Ruth’s Hospitality Group had a net margin of 9.26% and a return on equity of 45.15%. The business had revenue of $103.01 million for the quarter, compared to the consensus estimate of $102.19 million. During the same period last year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This is an increase from Ruth’s Hospitality Group’s previous quarterly dividend of $0.06. This represents a $0.52 annualized dividend and a yield of 2.22%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 37.41%.

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

Ruth’s Hospitality Group Company 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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