Texas Permanent School Fund Has $430,000 Stake in Ruth’s Hospitality Group, Inc. (RUTH)

Texas Permanent School Fund lowered its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 21,471 shares of the restaurant operator’s stock after selling 158 shares during the period. Texas Permanent School Fund’s holdings in Ruth’s Hospitality Group were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RUTH. Ladenburg Thalmann Financial Services Inc. raised its position in Ruth’s Hospitality Group by 14,736.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 37,090 shares of the restaurant operator’s stock valued at $678,000 after buying an additional 36,840 shares during the last quarter. AQR Capital Management LLC raised its position in Ruth’s Hospitality Group by 8.5% in the fourth quarter. AQR Capital Management LLC now owns 416,017 shares of the restaurant operator’s stock valued at $7,613,000 after buying an additional 32,671 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in Ruth’s Hospitality Group by 0.9% in the fourth quarter. Foresters Investment Management Company Inc. now owns 606,000 shares of the restaurant operator’s stock valued at $11,060,000 after buying an additional 5,600 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in Ruth’s Hospitality Group during the fourth quarter valued at about $1,983,000. Finally, GSA Capital Partners LLP raised its position in Ruth’s Hospitality Group by 26.9% in the fourth quarter. GSA Capital Partners LLP now owns 85,372 shares of the restaurant operator’s stock valued at $1,562,000 after buying an additional 18,112 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

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

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) opened at 22.30 on Tuesday. The firm has a market cap of $684.43 million, a P/E ratio of 23.04 and a beta of 0.29. Ruth’s Hospitality Group, Inc. has a 12 month low of $13.74 and a 12 month high of $22.65. The stock’s 50 day moving average is $21.43 and its 200 day moving average is $19.23.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, May 5th. The restaurant operator reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $105.50 million during the quarter, compared to the consensus estimate of $105.49 million. Ruth’s Hospitality Group had a return on equity of 37.75% and a net margin of 7.89%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. Equities research analysts expect that Ruth’s Hospitality Group, Inc. will post $1.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Thursday, May 18th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.61%. Ruth’s Hospitality Group’s dividend payout ratio is presently 37.11%.

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Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, June 9th. Jefferies Group LLC restated a “hold” rating and set a $20.00 price target on shares of Ruth’s Hospitality Group in a report on Friday. Citigroup Inc. restated a “neutral” rating and set a $22.00 price target (up previously from $20.00) on shares of Ruth’s Hospitality Group in a report on Monday, May 15th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Thursday, April 20th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.00.

In related news, CEO Michael P. Odonnell sold 81,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $21.05, for a total transaction of $1,721,890.00. Following the completion of the transaction, the chief executive officer now owns 1,194,524 shares in the company, valued at $25,144,730.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alan Vituli sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $21.16, for a total value of $63,480.00. Following the transaction, the director now owns 23,837 shares of the company’s stock, valued at approximately $504,390.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,877 shares of company stock valued at $2,293,273. 6.74% of the stock is owned by corporate insiders.

About Ruth’s Hospitality Group

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RUTH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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