WBI Investments Inc. bought a new position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,282 shares of the restaurant operator’s stock, valued at approximately $332,000. WBI Investments Inc. owned approximately 0.05% of Ruth’s Hospitality Group as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Schroder Investment Management Group grew its position in Ruth’s Hospitality Group by 79.8% in the second quarter. Schroder Investment Management Group now owns 63,718 shares of the restaurant operator’s stock worth $1,392,000 after acquiring an additional 28,288 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Ruth’s Hospitality Group by 0.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,235 shares of the restaurant operator’s stock worth $1,027,000 after acquiring an additional 200 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in Ruth’s Hospitality Group in the second quarter worth approximately $752,000. Principal Financial Group Inc. grew its position in Ruth’s Hospitality Group by 227.5% in the second quarter. Principal Financial Group Inc. now owns 775,973 shares of the restaurant operator’s stock worth $16,877,000 after acquiring an additional 539,034 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in Ruth’s Hospitality Group in the second quarter worth approximately $514,000. 81.82% of the stock is owned by institutional investors.

RUTH has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 target price on shares of Ruth’s Hospitality Group in a research report on Friday, June 16th. BidaskClub downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Deutsche Bank AG reissued a “buy” rating and issued a $24.00 target price (up from $22.50) on shares of Ruth’s Hospitality Group in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $21.60.

Shares of Ruth’s Hospitality Group, Inc. (RUTH) opened at 20.60 on Friday. Ruth’s Hospitality Group, Inc. has a 52 week low of $13.74 and a 52 week high of $22.65. The firm has a market capitalization of $626.38 million, a PE ratio of 20.36 and a beta of 0.32. The stock has a 50 day moving average of $19.67 and a 200-day moving average of $20.36.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Ruth’s Hospitality Group had a net margin of 7.97% and a return on equity of 37.86%. The business had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $99.34 million. During the same period last year, the business earned $0.22 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that Ruth’s Hospitality Group, Inc. will post $1.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.75%. Ruth’s Hospitality Group’s dividend payout ratio is presently 35.64%.

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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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