Northern Trust Corp Has $10.73 Million Holdings in Ruth’s Hospitality Group, Inc. (RUTH)

Northern Trust Corp boosted its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 1.9% in the second quarter, HoldingsChannel.com reports. The fund owned 382,429 shares of the restaurant operator’s stock after buying an additional 6,988 shares during the quarter. Northern Trust Corp’s holdings in Ruth’s Hospitality Group were worth $10,727,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ruth’s Hospitality Group by 126.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,439 shares of the restaurant operator’s stock valued at $181,000 after buying an additional 3,600 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Ruth’s Hospitality Group during the 2nd quarter valued at approximately $188,000. Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in shares of Ruth’s Hospitality Group during the 2nd quarter valued at approximately $209,000. SG Americas Securities LLC purchased a new position in shares of Ruth’s Hospitality Group during the 2nd quarter valued at approximately $247,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Ruth’s Hospitality Group during the 2nd quarter valued at approximately $270,000. Hedge funds and other institutional investors own 85.12% of the company’s stock.

RUTH has been the subject of several research analyst reports. BidaskClub cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Raymond James cut Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research note on Monday, August 13th. Finally, Zacks Investment Research cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $30.67.

Ruth’s Hospitality Group stock opened at $27.57 on Friday. The company has a market cap of $854.34 million, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.41 and a beta of 0.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.39 and a quick ratio of 0.25. Ruth’s Hospitality Group, Inc. has a 52 week low of $19.55 and a 52 week high of $33.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, November 2nd. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Ruth’s Hospitality Group had a return on equity of 47.19% and a net margin of 8.10%. The firm had revenue of $99.02 million for the quarter, compared to analysts’ expectations of $95.85 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. As a group, analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, November 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, November 14th. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 40.00%.

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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.

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

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