Raymond James Financial Services Advisors Inc. Has $1.17 Million Position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTHGet Rating) by 141.3% in the third quarter, Holdings Channel.com reports. The fund owned 69,248 shares of the restaurant operator’s stock after buying an additional 40,552 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Ruth’s Hospitality Group were worth $1,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RUTH. PNC Financial Services Group Inc. raised its position in shares of Ruth’s Hospitality Group by 36.8% in the 1st 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 period. Legal & General Group Plc raised its holdings in Ruth’s Hospitality Group by 0.8% in the second quarter. Legal & General Group Plc now owns 78,790 shares of the restaurant operator’s stock worth $1,281,000 after purchasing an additional 606 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Ruth’s Hospitality Group by 15.0% during the second quarter. Mutual of America Capital Management LLC now owns 5,258 shares of the restaurant operator’s stock worth $85,000 after purchasing an additional 685 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Ruth’s Hospitality Group by 26.6% in the 1st quarter. Captrust Financial Advisors now owns 4,067 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 855 shares during the period. Finally, Eagle Asset Management Inc. increased its position in shares of Ruth’s Hospitality Group by 0.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 127,199 shares of the restaurant operator’s stock valued at $2,068,000 after buying an additional 909 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RUTH shares. StockNews.com initiated coverage on Ruth’s Hospitality Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. 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. TheStreet cut shares of Ruth’s Hospitality Group from a “b-” rating to a “c+” rating in a research report on Tuesday, December 20th. Finally, Stephens dropped their price target on Ruth’s Hospitality Group from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th.

Ruth’s Hospitality Group Trading Up 4.2 %

Shares of Ruth’s Hospitality Group stock opened at $17.59 on Friday. The stock has a market cap of $584.02 million, a P/E ratio of 14.91 and a beta of 1.83. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.22. Ruth’s Hospitality Group, Inc. has a 12-month low of $14.65 and a 12-month high of $24.93. The business’s 50 day moving average is $16.76 and its 200-day moving average is $17.59.

Ruth’s Hospitality Group (NASDAQ:RUTHGet Rating) last issued its earnings results on Friday, November 4th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $112.74 million during the quarter, compared to the consensus estimate of $111.30 million. Ruth’s Hospitality Group had a net margin of 8.10% and a return on equity of 30.24%. Equities research analysts predict that Ruth’s Hospitality Group, Inc. will post 1.24 earnings per share for the current fiscal year.

Ruth’s Hospitality Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Friday, November 18th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, November 17th. Ruth’s Hospitality Group’s payout ratio 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.

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

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