New York State Teachers Retirement System Acquires 10,500 Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

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New York State Teachers Retirement System boosted its position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 12.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,862 shares of the restaurant operator’s stock after buying an additional 10,500 shares during the quarter. New York State Teachers Retirement System owned approximately 0.33% of Ruth’s Hospitality Group worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Mackay Shields LLC purchased a new stake in Ruth’s Hospitality Group in the first quarter worth $352,000. Alliancebernstein L.P. increased its position in Ruth’s Hospitality Group by 503.2% in the first quarter. Alliancebernstein L.P. now owns 855,045 shares of the restaurant operator’s stock worth $5,712,000 after buying an additional 713,295 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Ruth’s Hospitality Group in the first quarter worth $384,000. WINTON GROUP Ltd increased its position in Ruth’s Hospitality Group by 50.4% in the first quarter. WINTON GROUP Ltd now owns 179,298 shares of the restaurant operator’s stock worth $1,198,000 after buying an additional 60,103 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Ruth’s Hospitality Group in the fourth quarter worth $640,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on RUTH shares. ValuEngine upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 2nd. Raymond James upped their target price on Ruth’s Hospitality Group from $11.00 to $11.50 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Stephens upped their target price on Ruth’s Hospitality Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Friday. BidaskClub upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Jefferies Financial Group upped their price target on Ruth’s Hospitality Group from $6.00 to $9.25 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Ruth’s Hospitality Group has a consensus rating of “Hold” and a consensus price target of $13.63.

RUTH stock opened at $6.70 on Friday. The stock has a market capitalization of $220.11 million, a PE ratio of 7.97 and a beta of 1.94. Ruth’s Hospitality Group, Inc. has a 12-month low of $2.32 and a 12-month high of $25.77. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 4.97. The stock’s 50 day simple moving average is $7.83 and its 200 day simple moving average is $11.84.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, July 31st. The restaurant operator reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.02. The business had revenue of $28.42 million for the quarter, compared to analysts’ expectations of $29.52 million. Ruth’s Hospitality Group had a return on equity of 35.35% and a net margin of 5.36%. On average, research analysts predict that Ruth’s Hospitality Group, Inc. will post -0.66 earnings per share for the current year.

About Ruth’s Hospitality Group

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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