Connor Clark & Lunn Investment Management Ltd. Has $1.01 Million Stake in Ruth’s Hospitality Group, Inc. (RUTH)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,250 shares of the restaurant operator’s stock after purchasing an additional 6,725 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Ruth’s Hospitality Group worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RUTH. Aptus Capital Advisors LLC bought a new position in shares of Ruth’s Hospitality Group in the 4th quarter valued at about $241,000. Bessemer Group Inc. boosted its stake in shares of Ruth’s Hospitality Group by 28.1% in the 4th quarter. Bessemer Group Inc. now owns 63,200 shares of the restaurant operator’s stock valued at $1,437,000 after purchasing an additional 13,847 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Ruth’s Hospitality Group by 270.8% in the 4th quarter. GSA Capital Partners LLP now owns 23,786 shares of the restaurant operator’s stock valued at $541,000 after purchasing an additional 17,372 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Ruth’s Hospitality Group by 13.2% in the 4th quarter. Martingale Asset Management L P now owns 149,734 shares of the restaurant operator’s stock valued at $3,405,000 after purchasing an additional 17,498 shares during the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of Ruth’s Hospitality Group by 8.9% in the 4th quarter. Scotia Capital Inc. now owns 16,446 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 1,346 shares during the last quarter. Institutional investors and hedge funds own 83.49% of the company’s stock.

Several research analysts recently weighed in on RUTH shares. ValuEngine lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. BidaskClub raised shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Zacks Investment Research lowered shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Citigroup set a $28.00 price objective on shares of Ruth’s Hospitality Group and gave the stock a “hold” rating in a research note on Friday, March 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ruth’s Hospitality Group currently has an average rating of “Hold” and a consensus price target of $31.00.

Ruth’s Hospitality Group stock opened at $25.29 on Friday. Ruth’s Hospitality Group, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $33.95. The company has a market cap of $767.32 million, a P/E ratio of 18.19, a PEG ratio of 1.23 and a beta of 0.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.28 and a current ratio of 0.38.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, February 22nd. The restaurant operator reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Ruth’s Hospitality Group had a net margin of 9.21% and a return on equity of 47.40%. The business had revenue of $127.16 million for the quarter, compared to analyst estimates of $126.83 million. During the same quarter last year, the firm earned $0.44 EPS. Ruth’s Hospitality Group’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts expect that Ruth’s Hospitality Group, Inc. will post 1.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be paid a dividend of $0.13 per share. This is a positive change from Ruth’s Hospitality Group’s previous quarterly dividend of $0.11. The ex-dividend date is Wednesday, March 6th. This represents a $0.52 annualized dividend and a yield of 2.06%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 37.41%.

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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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