Los Angeles Capital Management & Equity Research Inc. Raises Holdings in Ruth’s Hospitality Group, Inc. (RUTH)

Los Angeles Capital Management & Equity Research Inc. raised its position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,235 shares of the restaurant operator’s stock after buying an additional 200 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.16% of Ruth’s Hospitality Group worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Ruth’s Hospitality Group by 227.5% during the second quarter. Principal Financial Group Inc. now owns 775,973 shares of the restaurant operator’s stock worth $16,877,000 after purchasing an additional 539,034 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Ruth’s Hospitality Group by 143.4% during the first quarter. Bank of America Corp DE now owns 493,384 shares of the restaurant operator’s stock worth $9,893,000 after purchasing an additional 290,659 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Ruth’s Hospitality Group by 1,296.2% during the first quarter. Kennedy Capital Management Inc. now owns 305,696 shares of the restaurant operator’s stock worth $6,129,000 after purchasing an additional 283,801 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ruth’s Hospitality Group by 10.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,448 shares of the restaurant operator’s stock worth $30,685,000 after purchasing an additional 149,947 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Ruth’s Hospitality Group during the second quarter worth approximately $2,212,000. Institutional investors own 81.82% of the company’s stock.

RUTH has been the subject of several analyst reports. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, June 9th. Deutsche Bank AG restated a “buy” rating and set a $24.00 price target (up previously from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Jefferies Group LLC restated a “hold” rating and set a $20.00 price target on shares of Ruth’s Hospitality Group in a research note on Thursday, August 31st. BidaskClub cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Ruth’s Hospitality Group currently has a consensus rating of “Hold” and an average price target of $21.60.

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Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) opened at 20.05 on Wednesday. The firm has a market cap of $609.66 million, a price-to-earnings ratio of 19.81 and a beta of 0.32. The company’s 50-day moving average price is $19.68 and its 200-day moving average price is $20.46. Ruth’s Hospitality Group, Inc. has a one year low of $13.74 and a one year high of $22.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $100.00 million for the quarter, compared to the consensus estimate of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. On average, analysts anticipate that Ruth’s Hospitality Group, Inc. will post $1.08 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 35.64%.

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.

Institutional Ownership by Quarter for Ruth`s Hospitality Group (NASDAQ:RUTH)

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