Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTHGet Rating) by 51.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,875 shares of the restaurant operator’s stock after purchasing an additional 2,002 shares during the period. Lazard Asset Management LLC’s holdings in Ruth’s Hospitality Group were worth $95,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Ruth’s Hospitality Group during the first quarter valued at about $40,000. KBC Group NV acquired a new stake in shares of Ruth’s Hospitality Group during the second quarter valued at about $41,000. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $48,000 after acquiring an additional 564 shares during the last quarter. Captrust Financial Advisors increased its position in shares of 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 valued at $93,000 after acquiring an additional 855 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC increased its position in shares of 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 valued at $103,000 after acquiring an additional 3,302 shares during the last quarter. 86.79% of the stock is currently owned by institutional investors and hedge funds.

Ruth’s Hospitality Group Trading Up 0.2 %

NASDAQ RUTH opened at $17.84 on Thursday. Ruth’s Hospitality Group, Inc. has a one year low of $15.16 and a one year high of $24.93. The firm has a 50 day simple moving average of $18.11 and a 200-day simple moving average of $17.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.56 and a current ratio of 0.64. The firm has a market cap of $592.32 million, a price-to-earnings ratio of 15.12, a PEG ratio of 0.92 and a beta of 1.90.

Ruth’s Hospitality Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be paid a $0.14 dividend. The ex-dividend date is Thursday, November 17th. This represents a $0.56 dividend on an annualized basis and a yield of 3.14%. Ruth’s Hospitality Group’s dividend payout ratio is currently 47.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RUTH. TheStreet upgraded shares of Ruth’s Hospitality Group from a “c+” rating to a “b-” rating in a research report on Monday, September 26th. Stephens lowered their price objective on shares of Ruth’s Hospitality Group from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, November 4th. StockNews.com began coverage on shares of Ruth’s Hospitality Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Raymond James lowered shares of Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 7th.

Ruth’s Hospitality Group Profile

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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.

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

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