Public Sector Pension investment Board Cuts Position in Ruth’s Hospitality Group, Inc. (RUTH)

Public Sector Pension investment Board trimmed its holdings in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 28.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,263 shares of the restaurant operator’s stock after selling 6,200 shares during the quarter. Public Sector Pension investment Board owned approximately 0.05% of Ruth’s Hospitality Group worth $332,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue increased its holdings in Ruth’s Hospitality Group by 77.1% during the second quarter. State of Alaska Department of Revenue now owns 5,826 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 2,536 shares during the period. Mason Street Advisors LLC increased its holdings in Ruth’s Hospitality Group by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock valued at $139,000 after buying an additional 455 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Ruth’s Hospitality Group by 9.6% during the first quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the restaurant operator’s stock valued at $158,000 after buying an additional 689 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Ruth’s Hospitality Group during the first quarter valued at approximately $184,000. Finally, HL Financial Services LLC purchased a new position in Ruth’s Hospitality Group during the second quarter valued at approximately $206,000. 81.82% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and set a $20.00 price objective on shares of Ruth’s Hospitality Group in a report on Friday, June 16th. BidaskClub lowered shares of Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $24.00 price objective (up from $22.50) on shares of Ruth’s Hospitality Group in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.75.

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) opened at 21.10 on Friday. The firm has a market capitalization of $641.59 million, a P/E ratio of 20.85 and a beta of 0.33. Ruth’s Hospitality Group, Inc. has a 52 week low of $13.95 and a 52 week high of $22.65. The firm has a 50-day moving average of $20.20 and a 200 day moving average of $20.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $99.34 million. During the same period in the prior year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Ruth’s Hospitality Group, Inc. will post $1.08 EPS for the current fiscal year.

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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.

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

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