Russell Investments Group Ltd. Decreases Stock Position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

Russell Investments Group Ltd. lessened its holdings in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH – Get Rating) by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,846 shares of the restaurant operator’s stock after selling 1,484 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.41% of Ruth’s Hospitality Group worth $2,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in 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 last quarter. Captrust Financial Advisors grew its position in 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 acquiring an additional 855 shares during the last quarter. Point72 Hong Kong Ltd grew its position in Ruth’s Hospitality Group by 1,173.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,775 shares of the restaurant operator’s stock valued at $78,000 after acquiring an additional 4,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ruth’s Hospitality Group by 24.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,867 shares of the restaurant operator’s stock valued at $91,000 after acquiring an additional 1,153 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in Ruth’s Hospitality Group by 16.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 6,132 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 874 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.

Ruth’s Hospitality Group Price Performance

RUTH opened at $21.43 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $688.55 million, a price-to-earnings ratio of 17.86 and a beta of 1.83. Ruth’s Hospitality Group, Inc. has a 12-month low of $14.65 and a 12-month high of $21.50. The business’s fifty day simple moving average is $17.66 and its 200-day simple moving average is $17.39.

Ruth’s Hospitality Group (NASDAQ:RUTH – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The restaurant operator reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The firm had revenue of $138.34 million during the quarter, compared to analysts’ expectations of $136.13 million. Ruth’s Hospitality Group had a return on equity of 32.00% and a net margin of 7.66%. On average, equities research analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Stephens downgraded Ruth’s Hospitality Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, May 3rd. StockNews.com assumed coverage on Ruth’s Hospitality Group in a research report on Sunday. They set a “hold” rating on the stock. Finally, TheStreet raised Ruth’s Hospitality Group from a “c+” rating to a “b” rating in a research report on Monday, March 20th.

Ruth’s Hospitality Group Profile

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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.