Schroder Investment Management Group Has $3.89 Million Holdings in Ruth’s Hospitality Group, Inc. (RUTH)

Schroder Investment Management Group boosted its position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 15.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,404 shares of the restaurant operator’s stock after buying an additional 16,378 shares during the period. Schroder Investment Management Group owned approximately 0.40% of Ruth’s Hospitality Group worth $3,894,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ruth’s Hospitality Group by 126.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,439 shares of the restaurant operator’s stock worth $181,000 after buying an additional 3,600 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Ruth’s Hospitality Group during the second quarter worth about $188,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Ruth’s Hospitality Group during the third quarter worth about $215,000. SG Americas Securities LLC acquired a new stake in Ruth’s Hospitality Group during the second quarter worth about $247,000. Finally, GSA Capital Partners LLP acquired a new stake in Ruth’s Hospitality Group during the second quarter worth about $270,000. Hedge funds and other institutional investors own 83.89% of the company’s stock.

RUTH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Wednesday, August 15th. BidaskClub raised shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. ValuEngine cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Citigroup dropped 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 report on Monday, November 12th. Finally, Raymond James cut shares of Ruth’s Hospitality Group from an “outperform” rating to a “market perform” rating in a report on Monday, August 13th. Six equities research analysts have rated the stock with a hold rating, Ruth’s Hospitality Group presently has a consensus rating of “Hold” and a consensus price target of $30.33.

RUTH stock opened at $24.03 on Friday. The stock has a market capitalization of $749.59 million, a PE ratio of 18.16, a P/E/G ratio of 1.24 and a beta of 0.49. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.39 and a quick ratio of 0.27. Ruth’s Hospitality Group, Inc. has a 12 month low of $20.80 and a 12 month high of $33.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, November 2nd. The restaurant operator reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $99.02 million during the quarter, compared to analysts’ expectations of $95.85 million. Ruth’s Hospitality Group had a net margin of 8.10% and a return on equity of 47.19%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.38 EPS for the current year.

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

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Ruth’s Hospitality Group 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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