WINTON GROUP Ltd Acquires Shares of 47,843 Ruth’s Hospitality Group, Inc. (RUTH)

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WINTON GROUP Ltd acquired a new position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 47,843 shares of the restaurant operator’s stock, valued at approximately $1,170,000. WINTON GROUP Ltd owned about 0.15% of Ruth’s Hospitality Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RUTH. Ceredex Value Advisors LLC bought a new stake in Ruth’s Hospitality Group during the first quarter worth approximately $6,392,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Ruth’s Hospitality Group by 685.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 197,053 shares of the restaurant operator’s stock valued at $4,266,000 after buying an additional 171,970 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Ruth’s Hospitality Group by 14.9% during the first quarter. Principal Financial Group Inc. now owns 821,682 shares of the restaurant operator’s stock valued at $20,090,000 after buying an additional 106,508 shares during the last quarter. Guggenheim Capital LLC bought a new position in shares of Ruth’s Hospitality Group during the fourth quarter valued at approximately $1,867,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Ruth’s Hospitality Group during the fourth quarter valued at approximately $1,565,000. 82.28% of the stock is currently owned by institutional investors.

Shares of Ruth’s Hospitality Group opened at $28.30 on Friday, according to Marketbeat Ratings. The company has a quick ratio of 0.24, a current ratio of 0.35 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $874.04 million, a P/E ratio of 23.54, a PEG ratio of 1.45 and a beta of 0.28. Ruth’s Hospitality Group, Inc. has a 52-week low of $17.95 and a 52-week high of $29.00.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, May 4th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $115.84 million. Ruth’s Hospitality Group had a return on equity of 44.01% and a net margin of 7.69%. Ruth’s Hospitality Group’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.36 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Investors of record on Thursday, May 24th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, May 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. Ruth’s Hospitality Group’s payout ratio is 40.00%.

A number of research analysts have recently commented on the company. Citigroup upped their target price on Ruth’s Hospitality Group from $25.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday. Zacks Investment Research cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th. BidaskClub raised Ruth’s Hospitality Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 4th. Finally, Deutsche Bank cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Ruth’s Hospitality Group has an average rating of “Buy” and a consensus target price of $26.00.

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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