Credit Suisse AG increased its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 39.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,109 shares of the restaurant operator’s stock after buying an additional 27,696 shares during the period. Credit Suisse AG’s holdings in Ruth’s Hospitality Group were worth $1,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Opus Capital Group LLC raised its stake in Ruth’s Hospitality Group by 0.3% in the first quarter. Opus Capital Group LLC now owns 14,116 shares of the restaurant operator’s stock valued at $283,000 after buying an additional 48 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Ruth’s Hospitality Group by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System raised its stake in Ruth’s Hospitality Group by 1.3% in the first quarter. Arizona State Retirement System now owns 15,474 shares of the restaurant operator’s stock valued at $310,000 after buying an additional 200 shares during the last quarter. Mason Street Advisors LLC raised its stake in Ruth’s Hospitality Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,935 shares of the restaurant operator’s stock valued at $139,000 after buying an additional 455 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Ruth’s Hospitality Group by 9.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the restaurant operator’s stock valued at $158,000 after buying an additional 689 shares during the last quarter. Institutional investors and hedge funds own 84.24% of the company’s stock.

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) traded up 0.384% during mid-day trading on Thursday, reaching $19.625. The company’s stock had a trading volume of 11,642 shares. The firm has a 50 day moving average price of $20.94 and a 200 day moving average price of $19.93. The company has a market cap of $596.74 million, a price-to-earnings ratio of 19.392 and a beta of 0.29. Ruth’s Hospitality Group, Inc. has a 52-week low of $13.74 and a 52-week high of $22.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $100 million for the quarter, compared to analysts’ expectations of $99.34 million. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. Ruth’s Hospitality Group’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities research analysts anticipate that Ruth’s Hospitality Group, Inc. will post $1.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.84%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is presently 35.64%.

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Several research firms recently issued reports on RUTH. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 target price on shares of Ruth’s Hospitality Group in a report on Friday, June 16th. Zacks Investment Research lowered Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. Finally, BidaskClub lowered Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.60.

In related news, CEO Michael P. Odonnell sold 81,800 shares of Ruth’s Hospitality Group stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $21.05, for a total value of $1,721,890.00. Following the sale, the chief executive officer now owns 1,194,524 shares of the company’s stock, valued at approximately $25,144,730.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.74% of the company’s stock.

About Ruth’s Hospitality Group

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. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants.

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Institutional Ownership by Quarter for Ruth`s Hospitality Group (NASDAQ:RUTH)

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