Victory Capital Management Inc. increased its stake in shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 62,354 shares of the company’s stock after buying an additional 2,894 shares during the period. Victory Capital Management Inc. owned approximately 0.20% of Ruth’s Hospitality Group worth $994,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RUTH. BNP Paribas Arbitrage SA boosted its stake in Ruth’s Hospitality Group by 112.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,509 shares of the company’s stock valued at $168,000 after buying an additional 5,567 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Ruth’s Hospitality Group during the second quarter valued at about $172,000. Acrospire Investment Management LLC bought a new stake in Ruth’s Hospitality Group during the first quarter valued at about $202,000. Aperio Group LLC boosted its stake in Ruth’s Hospitality Group by 41.8% in the first quarter. Aperio Group LLC now owns 14,231 shares of the company’s stock valued at $262,000 after buying an additional 4,198 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Ruth’s Hospitality Group during the first quarter valued at about $278,000. 84.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) traded up 0.67% during mid-day trading on Thursday, hitting $15.10. 139,268 shares of the company’s stock were exchanged. The company has a market capitalization of $474.61 million, a price-to-earnings ratio of 17.16 and a beta of 0.88. The firm has a 50 day moving average price of $15.11 and a 200-day moving average price of $16.42. Ruth’s Hospitality Group Inc. has a 52 week low of $14.81 and a 52 week high of $18.78.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, July 29th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. Ruth’s Hospitality Group had a return on equity of 31.58% and a net margin of 7.84%. The firm earned $92.65 million during the quarter, compared to analyst estimates of $92.88 million. During the same quarter in the prior year, the company posted $0.22 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Ruth’s Hospitality Group Inc. will post $0.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $0.28 dividend on an annualized basis and a yield of 1.87%. Ruth’s Hospitality Group’s dividend payout ratio is currently 31.46%.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ruth’s Hospitality Group in a report on Wednesday, August 10th. Finally, Jefferies Group cut shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a report on Tuesday, July 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Ruth’s Hospitality Group presently has an average rating of “Hold” and an average price target of $18.00.

Ruth’s Hospitality Group Company Profile

Ruth’s Hospitality Group, Inc develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments: the Company-owned steakhouse restaurant segment and the franchise operations segment. The Company’s Ruth’s Chris restaurants cater to special occasion diners and frequent customers, in addition to the business clientele.

5 Day Chart for NASDAQ:RUTH

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