Ensign Peak Advisors Inc Has $690,000 Stock Position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

Ensign Peak Advisors Inc decreased its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH – Get Rating) by 9.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,900 shares of the restaurant operator’s stock after selling 4,240 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Ruth’s Hospitality Group were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Trust Advisors LP acquired a new position in shares of Ruth’s Hospitality Group in the 3rd quarter valued at $1,367,000. Bank of New York Mellon Corp boosted its position in Ruth’s Hospitality Group by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 316,904 shares of the restaurant operator’s stock worth $5,343,000 after acquiring an additional 3,057 shares during the period. Cardinal Capital Management LLC CT boosted its position in Ruth’s Hospitality Group by 16.3% during the 3rd quarter. Cardinal Capital Management LLC CT now owns 872,791 shares of the restaurant operator’s stock worth $14,715,000 after acquiring an additional 122,023 shares during the period. Royal Bank of Canada boosted its position in Ruth’s Hospitality Group by 11.5% during the 3rd quarter. Royal Bank of Canada now owns 343,609 shares of the restaurant operator’s stock worth $5,794,000 after acquiring an additional 35,360 shares during the period. Finally, Tudor Investment Corp Et Al acquired a new stake in Ruth’s Hospitality Group during the 3rd quarter worth about $651,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Ruth’s Hospitality Group Stock Down 0.4 %

RUTH opened at $16.77 on Tuesday. Ruth’s Hospitality Group, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $23.31. The business has a 50-day moving average of $17.60 and a 200-day moving average of $17.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.59 and a quick ratio of 0.53. The company has a market capitalization of $536.64 million, a PE ratio of 14.46 and a beta of 1.84.

Ruth’s Hospitality Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from Ruth’s Hospitality Group’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.82%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 55.17%.

Analyst Ratings Changes

RUTH has been the subject of a number of research reports. StockNews.com upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research report on Friday, February 24th. TheStreet lowered Ruth’s Hospitality Group from a “b-” rating to a “c+” rating in a research report on Tuesday, December 20th. Finally, Stephens restated an “overweight” rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a research report on Thursday, February 23rd.

About Ruth’s Hospitality Group

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Ruth’s Hospitality Group, Inc engages in the development and operation of fine dining restaurants. It operates through the following segments: Company Owned Steakhouse Restaurants and Franchise Operations. The Company-Owned Steakhouse Restaurants segment operates restaurants under the Ruth’s Chris Steak House brand.