Northern Trust Corp boosted its holdings in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 402,462 shares of the restaurant operator’s stock after purchasing an additional 9,585 shares during the quarter. Northern Trust Corp owned about 1.32% of Ruth’s Hospitality Group worth $8,753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Equity Partners LLC acquired a new stake in Ruth’s Hospitality Group in the 2nd quarter valued at $752,000. Trexquant Investment LP acquired a new stake in Ruth’s Hospitality Group in the 2nd quarter valued at $209,000. Strs Ohio acquired a new stake in Ruth’s Hospitality Group in the 2nd quarter valued at $752,000. Schroder Investment Management Group grew its position in Ruth’s Hospitality Group by 79.8% in the 2nd quarter. Schroder Investment Management Group now owns 63,718 shares of the restaurant operator’s stock valued at $1,392,000 after purchasing an additional 28,288 shares during the period. Finally, BlackRock Inc. grew its position in Ruth’s Hospitality Group by 10.0% in the 2nd quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock valued at $93,252,000 after purchasing an additional 389,525 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.

Ruth’s Hospitality Group, Inc. (RUTH) opened at $19.90 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.26 and a current ratio of 0.41. Ruth’s Hospitality Group, Inc. has a 52 week low of $14.90 and a 52 week high of $22.65. The firm has a market capitalization of $631.82, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.36 and a beta of 0.34.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). Ruth’s Hospitality Group had a net margin of 7.47% and a return on equity of 35.46%. The company had revenue of $85.16 million for the quarter, compared to the consensus estimate of $87.20 million. During the same quarter last year, the business posted $0.10 earnings per share. Ruth’s Hospitality Group’s revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.05 earnings per share for the current year.

Ruth’s Hospitality Group declared that its Board of Directors has authorized a stock repurchase plan on Friday, November 3rd that authorizes the company to buyback $60.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This is a boost from Ruth’s Hospitality Group’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a yield of 1.81%. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 37.90%.

Several research firms recently issued reports on RUTH. BidaskClub raised shares of Ruth’s Hospitality Group from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price target on shares of Ruth’s Hospitality Group in a research report on Sunday, July 30th. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Ruth’s Hospitality Group has an average rating of “Hold” and an average target price of $22.00.

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Ruth’s Hospitality Group 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. 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.

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

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