7,467 Shares in Ruth’s Hospitality Group, Inc. (RUTH) Purchased by Leonard Rickey Investment Advisors P.L.L.C.

Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) during the second quarter, HoldingsChannel reports. The fund purchased 7,467 shares of the restaurant operator’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RUTH. Teacher Retirement System of Texas purchased a new stake in Ruth’s Hospitality Group during the fourth quarter worth $215,000. First Trust Advisors LP lifted its holdings in Ruth’s Hospitality Group by 11.9% during the fourth quarter. First Trust Advisors LP now owns 26,038 shares of the restaurant operator’s stock valued at $564,000 after purchasing an additional 2,760 shares in the last quarter. Rhumbline Advisers lifted its holdings in Ruth’s Hospitality Group by 15.8% during the fourth quarter. Rhumbline Advisers now owns 67,685 shares of the restaurant operator’s stock valued at $1,465,000 after purchasing an additional 9,255 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Ruth’s Hospitality Group by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 285,725 shares of the restaurant operator’s stock valued at $6,185,000 after purchasing an additional 3,090 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Ruth’s Hospitality Group by 9.7% during the fourth quarter. Alliancebernstein L.P. now owns 171,620 shares of the restaurant operator’s stock valued at $3,716,000 after purchasing an additional 15,210 shares in the last quarter. 82.28% of the stock is currently owned by hedge funds and other institutional investors.

Ruth’s Hospitality Group traded up $0.35, hitting $29.25, during midday trading on Tuesday, according to Marketbeat.com. 5,540 shares of the company traded hands, compared to its average volume of 182,167. The company has a quick ratio of 0.24, a current ratio of 0.35 and a debt-to-equity ratio of 0.49. The company has a market cap of $887.95 million, a price-to-earnings ratio of 26.27, a PEG ratio of 1.48 and a beta of 0.31. Ruth’s Hospitality Group, Inc. has a 52-week low of $17.95 and a 52-week high of $29.00.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, May 4th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $116.50 million for the quarter, compared to the consensus estimate of $115.84 million. Ruth’s Hospitality Group had a net margin of 7.69% and a return on equity of 44.01%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. research analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.36 EPS for the current year.

Several equities analysts have issued reports on RUTH shares. BidaskClub raised shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a report on Friday, March 23rd. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. Finally, Citigroup increased their price objective on shares of Ruth’s Hospitality Group from $25.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, June 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Ruth’s Hospitality Group presently has an average rating of “Hold” and an average target price of $26.50.

Ruth’s Hospitality Group Company Profile

Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

Read More: What kind of dividend yield to CEF’s pay?

Want to see what other hedge funds are holding RUTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH).

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

Receive News & Ratings for Ruth's Hospitality Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruth's Hospitality Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply