Thrivent Financial for Lutherans Sells 766 Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

Thrivent Financial for Lutherans lessened its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH – Get Rating) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,604 shares of the restaurant operator’s stock after selling 766 shares during the period. Thrivent Financial for Lutherans owned about 0.21% of Ruth’s Hospitality Group worth $1,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Ruth’s Hospitality Group by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,582,170 shares of the restaurant operator’s stock valued at $43,536,000 after acquiring an additional 121,522 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Ruth’s Hospitality Group by 2.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,266,027 shares of the restaurant operator’s stock valued at $36,846,000 after purchasing an additional 48,258 shares during the last quarter. State Street Corp raised its position in Ruth’s Hospitality Group by 0.9% during the 2nd quarter. State Street Corp now owns 1,209,243 shares of the restaurant operator’s stock valued at $19,662,000 after purchasing an additional 10,309 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ruth’s Hospitality Group by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 994,345 shares of the restaurant operator’s stock valued at $22,750,000 after purchasing an additional 7,560 shares during the last quarter. Finally, Cardinal Capital Management LLC CT raised 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 valued at $14,715,000 after purchasing an additional 122,023 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.

Wall Street Analyst Weigh In

RUTH has been the topic of a number of research analyst reports. TheStreet upgraded Ruth’s Hospitality Group from a “c+” rating to a “b” rating in a report on Monday, March 20th. StockNews.com initiated coverage on Ruth’s Hospitality Group in a report on Sunday. They set a “hold” rating on the stock. Finally, Stephens downgraded Ruth’s Hospitality Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 3rd.

Ruth’s Hospitality Group Stock Performance

Ruth’s Hospitality Group stock opened at $21.42 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $688.29 million, a P/E ratio of 17.85 and a beta of 1.83. The stock’s 50 day moving average is $17.75 and its 200 day moving average is $17.40. Ruth’s Hospitality Group, Inc. has a twelve month low of $14.65 and a twelve month high of $21.50.

Ruth’s Hospitality Group (NASDAQ:RUTH – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The restaurant operator reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. The company had revenue of $138.34 million for the quarter, compared to the consensus estimate 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 predict that Ruth’s Hospitality Group, Inc. will post 1.26 earnings per share for the current fiscal year.

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.