BlueMountain Capital Management LLC raised its position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 107.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,798 shares of the restaurant operator’s stock after buying an additional 18,537 shares during the quarter. BlueMountain Capital Management LLC owned about 0.12% of Ruth’s Hospitality Group worth $1,004,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ruth’s Hospitality Group by 126.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,439 shares of the restaurant operator’s stock valued at $181,000 after buying an additional 3,600 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Ruth’s Hospitality Group during the 2nd quarter valued at approximately $188,000. Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in Ruth’s Hospitality Group during the 2nd quarter valued at approximately $209,000. SG Americas Securities LLC purchased a new position in Ruth’s Hospitality Group during the 2nd quarter valued at approximately $247,000. Finally, GSA Capital Partners LLP purchased a new position in Ruth’s Hospitality Group during the 2nd quarter valued at approximately $270,000. Institutional investors and hedge funds own 84.75% of the company’s stock.
Several equities analysts have weighed in on the company. BidaskClub cut Ruth’s Hospitality Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 26th. Citigroup raised their price target on Ruth’s Hospitality Group from $25.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, June 25th. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, August 15th. Finally, Raymond James lowered Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research note on Monday, August 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.67.
NASDAQ:RUTH opened at $29.40 on Friday. The company has a market capitalization of $915.66 million, a PE ratio of 26.82, a P/E/G ratio of 1.51 and a beta of 0.35. Ruth’s Hospitality Group, Inc. has a 1 year low of $19.45 and a 1 year high of $33.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.37 and a quick ratio of 0.25.
Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, August 10th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $109.70 million during the quarter, compared to analyst estimates of $111.72 million. Ruth’s Hospitality Group had a return on equity of 45.99% and a net margin of 7.92%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. research analysts expect that Ruth’s Hospitality Group, Inc. will post 1.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Thursday, August 23rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Wednesday, August 22nd. Ruth’s Hospitality Group’s payout ratio is 40.00%.
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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