Metropolitan Life Insurance Co. NY held its stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,779 shares of the restaurant operator’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Ruth’s Hospitality Group were worth $497,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Mason Street Advisors LLC increased 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. BNP Paribas Arbitrage SA increased 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. Oppenheimer Asset Management Inc. purchased a new stake in Ruth’s Hospitality Group during the first quarter valued at $184,000. Russell Investments Group Ltd. purchased a new stake in Ruth’s Hospitality Group during the fourth quarter valued at $207,000. Finally, TD Asset Management Inc. purchased a new stake in Ruth’s Hospitality Group during the first quarter valued at $209,000. Hedge funds and other institutional investors own 84.24% of the company’s stock.

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) traded up 1.02% during trading on Friday, reaching $19.80. 139,941 shares of the company’s stock were exchanged. The company has a market capitalization of $602.06 million, a P/E ratio of 19.57 and a beta of 0.29. Ruth’s Hospitality Group, Inc. has a 12-month low of $13.74 and a 12-month high of $22.65. The stock has a 50-day moving average price of $20.83 and a 200 day moving average price of $19.95.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio is currently 35.64%.

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Several analysts recently weighed in on RUTH shares. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, April 18th. Deutsche Bank AG reiterated a “buy” rating and issued a $24.00 target price (up from $22.50) on shares of Ruth’s Hospitality Group in a report on Monday, July 10th. BidaskClub downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price on shares of Ruth’s Hospitality Group in a report on Friday, June 16th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Thursday, April 20th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Ruth’s Hospitality Group currently has an average rating of “Hold” and a consensus target price of $21.60.

In other Ruth’s Hospitality Group news, CEO Michael P. Odonnell sold 81,800 shares of the stock in a transaction dated Tuesday, May 16th. The stock was 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 6.74% of the stock is owned by company insiders.

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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