Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its holdings in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTHGet Rating) by 72.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,994 shares of the restaurant operator’s stock after acquiring an additional 13,884 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Ruth’s Hospitality Group were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in Ruth’s Hospitality Group during the 1st quarter worth approximately $40,000. KBC Group NV acquired a new position in Ruth’s Hospitality Group during the second quarter worth $41,000. PNC Financial Services Group Inc. raised its holdings in Ruth’s Hospitality Group by 36.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,096 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 564 shares during the last quarter. Captrust Financial Advisors raised its holdings in Ruth’s Hospitality Group by 26.6% during the first quarter. Captrust Financial Advisors now owns 4,067 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 855 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC increased its position in Ruth’s Hospitality Group by 108.8% during the second quarter. Counterpoint Mutual Funds LLC now owns 6,338 shares of the restaurant operator’s stock worth $103,000 after buying an additional 3,302 shares in the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RUTH. StockNews.com assumed coverage on Ruth’s Hospitality Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Stephens lowered their price target on Ruth’s Hospitality Group from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. Raymond James cut Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 7th. Finally, TheStreet upgraded Ruth’s Hospitality Group from a “c+” rating to a “b-” rating in a research note on Monday, September 26th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.50.

Ruth’s Hospitality Group Stock Performance

Shares of RUTH stock opened at $17.45 on Friday. Ruth’s Hospitality Group, Inc. has a 12-month low of $15.16 and a 12-month high of $24.93. The firm has a market capitalization of $579.34 million, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.92 and a beta of 1.90. The business has a 50 day simple moving average of $18.14 and a 200 day simple moving average of $18.01. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.64 and a quick ratio of 0.56.

Ruth’s Hospitality Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.56 dividend on an annualized basis and a yield of 3.21%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 47.46%.

Ruth’s Hospitality Group Profile

(Get Rating)

Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. The company's restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clients.

See Also

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

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