Zebra Capital Management LLC Sells 2,522 Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

Zebra Capital Management LLC reduced its stake in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 16.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,798 shares of the restaurant operator’s stock after selling 2,522 shares during the period. Zebra Capital Management LLC’s holdings in Ruth’s Hospitality Group were worth $291,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Marshall Wace North America L.P. bought a new stake in Ruth’s Hospitality Group during the 2nd quarter worth approximately $2,971,000. A.R.T. Advisors LLC increased its holdings in Ruth’s Hospitality Group by 30.9% during the 2nd quarter. A.R.T. Advisors LLC now owns 17,798 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 4,200 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Ruth’s Hospitality Group by 224.2% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 132,883 shares of the restaurant operator’s stock worth $3,018,000 after purchasing an additional 91,899 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Ruth’s Hospitality Group during the 2nd quarter worth approximately $42,000. Finally, BlackRock Inc. increased its holdings in Ruth’s Hospitality Group by 2.0% during the 2nd quarter. BlackRock Inc. now owns 4,579,391 shares of the restaurant operator’s stock worth $103,998,000 after purchasing an additional 89,591 shares in the last quarter. 82.86% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on RUTH. Zacks Investment Research lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Jaffray Companies decreased their price objective on Ruth’s Hospitality Group from $29.00 to $22.00 and set an “overweight” rating for the company in a report on Friday. ValuEngine lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. Finally, BidaskClub lowered Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.00.

Shares of RUTH stock traded down $0.04 during trading on Friday, hitting $19.75. The company’s stock had a trading volume of 851,013 shares, compared to its average volume of 331,517. The company has a market cap of $601.37 million, a PE ratio of 14.36, a P/E/G ratio of 1.00 and a beta of 0.63. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 2.57. The business has a fifty day moving average of $19.98 and a 200-day moving average of $23.14. Ruth’s Hospitality Group, Inc. has a 52 week low of $18.88 and a 52 week high of $31.67.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, August 2nd. The restaurant operator reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $110.24 million during the quarter, compared to analyst estimates of $112.41 million. Ruth’s Hospitality Group had a return on equity of 44.15% and a net margin of 9.14%. As a group, research analysts predict that Ruth’s Hospitality Group, Inc. will post 1.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Wednesday, August 21st. Ruth’s Hospitality Group’s dividend payout ratio is presently 37.41%.

Ruth’s Hospitality Group Company Profile

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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