Wedge Capital Management L L P NC Cuts Position in Ruth’s Hospitality Group, Inc. (RUTH)

Wedge Capital Management L L P NC reduced its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 19.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,874 shares of the restaurant operator’s stock after selling 14,626 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ruth’s Hospitality Group were worth $1,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. HL Financial Services LLC lifted its position in Ruth’s Hospitality Group by 15.0% in the 2nd quarter. HL Financial Services LLC now owns 13,812 shares of the restaurant operator’s stock valued at $387,000 after acquiring an additional 1,797 shares in the last quarter. Victory Capital Management Inc. lifted its position in Ruth’s Hospitality Group by 2.5% in the 2nd quarter. Victory Capital Management Inc. now owns 90,643 shares of the restaurant operator’s stock valued at $2,542,000 after acquiring an additional 2,249 shares in the last quarter. Legal & General Group Plc lifted its position in Ruth’s Hospitality Group by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 56,848 shares of the restaurant operator’s stock valued at $1,599,000 after acquiring an additional 2,304 shares in the last quarter. Sawgrass Asset Management LLC lifted its position in Ruth’s Hospitality Group by 16.6% in the 2nd quarter. Sawgrass Asset Management LLC now owns 20,000 shares of the restaurant operator’s stock valued at $561,000 after acquiring an additional 2,840 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its position in Ruth’s Hospitality Group by 12.6% in the 2nd quarter. Dupont Capital Management Corp now owns 30,821 shares of the restaurant operator’s stock valued at $865,000 after acquiring an additional 3,441 shares in the last quarter. 85.12% of the stock is currently owned by institutional investors and hedge funds.

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

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings results on Friday, November 2nd. The restaurant operator reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Ruth’s Hospitality Group had a net margin of 8.10% and a return on equity of 47.19%. The firm had revenue of $99.02 million for the quarter, compared to analysts’ expectations of $95.85 million. During the same period in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. As a group, equities analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.38 EPS for the current fiscal year.

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

Several equities research analysts recently commented on the stock. BidaskClub cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Raymond James cut shares of Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.67.

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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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