Ruth’s Hospitality Group, Inc. (RUTH) Stake Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 32.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 455,981 shares of the restaurant operator’s stock after selling 214,718 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.49% of Ruth’s Hospitality Group worth $14,387,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in Ruth’s Hospitality Group by 404.9% in the 3rd quarter. SG Americas Securities LLC now owns 44,536 shares of the restaurant operator’s stock worth $1,405,000 after buying an additional 35,716 shares in the last quarter. Dupont Capital Management Corp lifted its position in Ruth’s Hospitality Group by 40.0% in the 3rd quarter. Dupont Capital Management Corp now owns 43,151 shares of the restaurant operator’s stock worth $1,361,000 after buying an additional 12,330 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Ruth’s Hospitality Group by 26.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 75,660 shares of the restaurant operator’s stock worth $2,387,000 after buying an additional 15,830 shares in the last quarter. WINTON GROUP Ltd lifted its position in Ruth’s Hospitality Group by 1,129.3% in the 3rd quarter. WINTON GROUP Ltd now owns 410,058 shares of the restaurant operator’s stock worth $12,937,000 after buying an additional 376,702 shares in the last quarter. Finally, Cadence Capital Management LLC lifted its position in Ruth’s Hospitality Group by 20.2% in the 3rd quarter. Cadence Capital Management LLC now owns 90,531 shares of the restaurant operator’s stock worth $2,856,000 after buying an additional 15,222 shares in the last quarter. Institutional investors and hedge funds own 83.89% of the company’s stock.

A number of research firms have issued reports on RUTH. ValuEngine downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Citigroup cut their target price on shares of Ruth’s Hospitality Group from $33.00 to $30.00 and set a “hold” rating for the company in a research report on Monday, November 12th. BidaskClub downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Raymond James lowered shares of Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a research note on Monday, August 13th. Six investment analysts have rated the stock with a hold rating, Ruth’s Hospitality Group currently has a consensus rating of “Hold” and an average price target of $30.33.

Shares of RUTH opened at $24.03 on Friday. Ruth’s Hospitality Group, Inc. has a 12 month low of $20.80 and a 12 month high of $33.95. The firm has a market cap of $732.34 million, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.21 and a beta of 0.49. The company has a current ratio of 0.39, a quick ratio of 0.27 and a debt-to-equity ratio of 0.60.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, November 2nd. The restaurant operator reported $0.13 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $99.02 million for the quarter, compared to analyst estimates of $95.85 million. During the same quarter in the prior year, the business posted $0.06 EPS. Ruth’s Hospitality Group’s quarterly revenue was up 16.3% on a year-over-year basis. Equities research analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.83%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 40.00%.

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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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