Pitcairn Co. Invests $301,000 in Ruth’s Hospitality Group, Inc. (RUTH) Stock

Pitcairn Co. bought a new position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,544 shares of the restaurant operator’s stock, valued at approximately $301,000.

A number of other large investors have also added to or reduced their stakes in RUTH. TD Asset Management Inc. raised its stake in Ruth’s Hospitality Group by 1,400.0% in the second quarter. TD Asset Management Inc. now owns 306,000 shares of the restaurant operator’s stock valued at $8,583,000 after buying an additional 285,600 shares during the period. Assenagon Asset Management S.A. bought a new stake in Ruth’s Hospitality Group in the third quarter valued at approximately $5,271,000. Fuller & Thaler Asset Management Inc. raised its stake in Ruth’s Hospitality Group by 21.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 891,207 shares of the restaurant operator’s stock valued at $24,998,000 after buying an additional 156,330 shares during the period. BlackRock Inc. raised its stake in Ruth’s Hospitality Group by 3.4% in the second quarter. BlackRock Inc. now owns 4,238,869 shares of the restaurant operator’s stock valued at $118,900,000 after buying an additional 137,842 shares during the period. Finally, Spark Investment Management LLC bought a new stake in Ruth’s Hospitality Group in the second quarter valued at approximately $3,736,000. Hedge funds and other institutional investors own 85.12% of the company’s stock.

RUTH has been the topic of a number of recent research reports. BidaskClub lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Raymond James lowered 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 lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Ruth’s Hospitality Group has an average rating of “Hold” and a consensus target price of $30.67.

Shares of NASDAQ RUTH opened at $27.73 on Thursday. The company has a market cap of $841.40 million, a PE ratio of 25.21, a PEG ratio of 1.39 and a beta of 0.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.25 and a current ratio of 0.39. Ruth’s Hospitality Group, Inc. has a 1-year low of $19.45 and a 1-year high of $33.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, November 2nd. The restaurant operator reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The company had revenue of $99.02 million for the quarter, compared to analyst estimates of $95.85 million. Ruth’s Hospitality Group had a return on equity of 47.19% and a net margin of 8.10%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. Equities research analysts predict that Ruth’s Hospitality Group, Inc. will post 1.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.59%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is currently 40.00%.

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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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