Healthcare of Ontario Pension Plan Trust Fund Invests $1.24 Million in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 53,700 shares of the restaurant operator’s stock, valued at approximately $1,237,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.15% of Ruth’s Hospitality Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RUTH. Price T Rowe Associates Inc. MD bought a new position in Ruth’s Hospitality Group in the 1st quarter worth approximately $33,387,000. BlackRock Inc. boosted its holdings in Ruth’s Hospitality Group by 4.4% in the 1st quarter. BlackRock Inc. now owns 5,242,082 shares of the restaurant operator’s stock worth $130,162,000 after buying an additional 219,254 shares during the period. Nuveen Asset Management LLC boosted its holdings in Ruth’s Hospitality Group by 147.4% in the 1st quarter. Nuveen Asset Management LLC now owns 332,316 shares of the restaurant operator’s stock worth $8,251,000 after buying an additional 198,006 shares during the period. Renaissance Technologies LLC boosted its holdings in Ruth’s Hospitality Group by 359.0% in the 1st quarter. Renaissance Technologies LLC now owns 242,900 shares of the restaurant operator’s stock worth $6,031,000 after buying an additional 189,975 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Ruth’s Hospitality Group by 18.0% in the 1st quarter. Principal Financial Group Inc. now owns 866,084 shares of the restaurant operator’s stock worth $21,505,000 after buying an additional 132,422 shares during the period. 80.39% of the stock is owned by institutional investors.

RUTH has been the subject of several analyst reports. Raymond James cut their price objective on shares of Ruth’s Hospitality Group from $31.00 to $26.50 and set a “strong-buy” rating for the company in a report on Wednesday, August 4th. CL King raised shares of Ruth’s Hospitality Group from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, August 12th. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Saturday, August 7th. Finally, Piper Sandler raised shares of Ruth’s Hospitality Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $25.00 to $28.00 in a report on Monday, September 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $27.30.

Shares of NASDAQ:RUTH opened at $19.65 on Thursday. The stock has a market cap of $684.06 million, a PE ratio of 38.53 and a beta of 2.41. The company’s fifty day moving average is $20.15 and its 200 day moving average is $22.37. Ruth’s Hospitality Group, Inc. has a 52 week low of $9.95 and a 52 week high of $28.73. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 0.54.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, August 6th. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. Ruth’s Hospitality Group had a net margin of 5.21% and a return on equity of 18.62%. The firm had revenue of $110.91 million for the quarter, compared to analysts’ expectations of $107.64 million. Sell-side analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.13 EPS for the current year.

About Ruth’s Hospitality Group

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.

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

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