Ruth's Hospitality Group, Inc. (RUTH) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,662,250 shares of the restaurant operator’s stock after purchasing an additional 33,385 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of Ruth's Hospitality Group worth $34,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its position in Ruth's Hospitality Group by 6.6% in the 2nd quarter. Royal Bank of Canada now owns 229,042 shares of the restaurant operator’s stock valued at $4,982,000 after purchasing an additional 14,231 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Ruth's Hospitality Group by 73.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 363,630 shares of the restaurant operator’s stock valued at $7,618,000 after purchasing an additional 153,500 shares during the last quarter. Adams Diversified Equity Fund Inc. bought a new position in Ruth's Hospitality Group in the 3rd quarter valued at $1,016,000. Maverick Capital Ltd. bought a new position in Ruth's Hospitality Group in the 2nd quarter valued at $326,000. Finally, Schroder Investment Management Group raised 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 last quarter. Hedge funds and other institutional investors own 81.32% of the company’s stock.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. BidaskClub upgraded Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.50.

In other news, COO Kevin W. Toomy sold 24,548 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $19.91, for a total transaction of $488,750.68. Following the completion of the sale, the chief operating officer now owns 157,551 shares in the company, valued at $3,136,840.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Cheryl Janet Henry sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $21.47, for a total value of $386,460.00. Following the sale, the chief operating officer now owns 343,617 shares of the company’s stock, valued at approximately $7,377,456.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,404 shares of company stock valued at $912,331. 7.45% of the stock is currently owned by corporate insiders.

Ruth's Hospitality Group, Inc. (RUTH) opened at $22.40 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.41 and a quick ratio of 0.29. Ruth's Hospitality Group, Inc. has a 52-week low of $16.55 and a 52-week high of $22.65. The stock has a market capitalization of $707.89, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.35 and a beta of 0.35.

Ruth's Hospitality Group (NASDAQ:RUTH) last released its earnings results on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $85.16 million for the quarter, compared to the consensus estimate of $87.20 million. Ruth's Hospitality Group had a return on equity of 35.46% and a net margin of 7.47%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. equities research analysts expect that Ruth's Hospitality Group, Inc. will post 1.03 earnings per share for the current year.

Ruth's Hospitality Group announced that its board has authorized a share repurchase program on Friday, November 3rd that permits the company to buyback $60.00 million in shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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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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