New York State Common Retirement Fund Has $878,000 Stake in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH)

New York State Common Retirement Fund increased its stake in shares of Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) by 22.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,900 shares of the restaurant operator’s stock after acquiring an additional 7,600 shares during the period. New York State Common Retirement Fund owned about 0.13% of Ruth's Hospitality Group worth $878,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. grew its position in Ruth's Hospitality Group by 0.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,235 shares of the restaurant operator’s stock valued at $1,027,000 after purchasing an additional 200 shares in the last quarter. Voya Investment Management LLC grew its position in Ruth's Hospitality Group by 3.1% in the second quarter. Voya Investment Management LLC now owns 44,698 shares of the restaurant operator’s stock valued at $972,000 after purchasing an additional 1,326 shares in the last quarter. Strs Ohio grew its position in Ruth's Hospitality Group by 7.5% in the third quarter. Strs Ohio now owns 37,200 shares of the restaurant operator’s stock valued at $779,000 after purchasing an additional 2,600 shares in the last quarter. California Public Employees Retirement System grew its position in Ruth's Hospitality Group by 2.1% in the second quarter. California Public Employees Retirement System now owns 134,700 shares of the restaurant operator’s stock valued at $2,930,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in Ruth's Hospitality Group by 6.8% during the 3rd quarter. Nationwide Fund Advisors now owns 46,511 shares of the restaurant operator’s stock worth $974,000 after purchasing an additional 2,949 shares in the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) traded down $0.25 on Friday, reaching $23.40. 185,691 shares of the company’s stock were exchanged, compared to its average volume of 209,994. Ruth's Hospitality Group, Inc. has a 52-week low of $16.65 and a 52-week high of $23.70. The company has a quick ratio of 0.29, a current ratio of 0.41 and a debt-to-equity ratio of 0.37. The company has a market cap of $731.67, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.45 and a beta of 0.35.

Ruth's Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). Ruth's Hospitality Group had a return on equity of 35.46% and a net margin of 7.47%. The business had revenue of $85.16 million for the quarter, compared to the consensus estimate of $87.20 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. research analysts expect that Ruth's Hospitality Group, Inc. will post 1.03 EPS for the current fiscal year.

Ruth's Hospitality Group announced that its board has approved a share buyback plan on Friday, November 3rd that permits the company to repurchase $60.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, COO Cheryl Janet Henry sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $21.47, for a total value of $386,460.00. Following the sale, the chief operating officer now directly owns 343,617 shares of the company’s stock, valued at approximately $7,377,456.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Kevin W. Toomy sold 24,548 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $19.91, for a total transaction of $488,750.68. Following the completion of the sale, the chief operating officer now directly owns 157,551 shares in the company, valued at $3,136,840.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,404 shares of company stock worth $912,331. Insiders own 7.45% of the company’s stock.

A number of research firms recently issued reports on RUTH. Zacks Investment Research cut shares of Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub raised shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $22.50.

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Ruth's Hospitality Group Company Profile

Ruth’s Hospitality Group, Inc develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

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

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