Ruth's Hospitality Group, Inc. (RUTH) COO Sells $444,303.16 in Stock

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) COO Cheryl Janet Henry sold 21,077 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.08, for a total value of $444,303.16. Following the completion of the sale, the chief operating officer now owns 381,617 shares of the company’s stock, valued at $8,044,486.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) traded up 0.24% during midday trading on Friday, hitting $21.30. The company had a trading volume of 295,390 shares. The stock has a 50 day moving average price of $20.31 and a 200 day moving average price of $18.37. Ruth's Hospitality Group, Inc. has a 1-year low of $13.74 and a 1-year high of $21.55. The firm has a market capitalization of $653.74 million, a P/E ratio of 22.00 and a beta of 0.52.

Ruth's Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, May 5th. The restaurant operator reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $105.50 million for the quarter, compared to the consensus estimate of $105.49 million. Ruth's Hospitality Group had a net margin of 8.03% and a return on equity of 34.67%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. On average, equities analysts anticipate that Ruth's Hospitality Group, Inc. will post $1.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $0.36 dividend on an annualized basis and a yield of 1.69%. Ruth's Hospitality Group’s dividend payout ratio is currently 30.11%.

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RUTH has been the subject of several research reports. Zacks Investment Research raised Ruth's Hospitality Group from a “sell” rating to a “hold” rating and set a $24.00 price target for the company in a report on Wednesday, May 10th. Jefferies Group LLC reiterated a “hold” rating on shares of Ruth's Hospitality Group in a research note on Friday, May 5th. Citigroup Inc restated a “neutral” rating and set a $22.00 price objective (up previously from $20.00) on shares of Ruth's Hospitality Group in a research report on Monday. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ruth's Hospitality Group in a report on Thursday, April 20th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.25.

Institutional investors have recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of Ruth's Hospitality Group by 6.4% in the third quarter. Aperio Group LLC now owns 12,153 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 735 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Ruth's Hospitality Group by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 523,456 shares of the restaurant operator’s stock worth $7,391,000 after buying an additional 8,892 shares in the last quarter. BlackRock Fund Advisors boosted its position in Ruth's Hospitality Group by 1.1% in the third quarter. BlackRock Fund Advisors now owns 2,175,128 shares of the restaurant operator’s stock worth $30,713,000 after buying an additional 23,638 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Ruth's Hospitality Group by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,490 shares of the restaurant operator’s stock worth $106,000 after buying an additional 120 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Ruth's Hospitality Group by 4.1% in the third quarter. Ameriprise Financial Inc. now owns 531,478 shares of the restaurant operator’s stock worth $7,505,000 after buying an additional 21,058 shares in the last quarter. Institutional investors and hedge funds own 78.57% of the company’s stock.

About Ruth's Hospitality Group

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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