Chicago Equity Partners LLC acquired a new position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,590 shares of the restaurant operator’s stock, valued at approximately $752,000. Chicago Equity Partners LLC owned 0.11% of Ruth’s Hospitality Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RUTH. Principal Financial Group Inc. boosted its stake in Ruth’s Hospitality Group by 227.5% during the second quarter. Principal Financial Group Inc. now owns 775,973 shares of the restaurant operator’s stock worth $16,877,000 after buying an additional 539,034 shares during the period. Bank of America Corp DE boosted its stake in Ruth’s Hospitality Group by 143.4% during the first quarter. Bank of America Corp DE now owns 493,384 shares of the restaurant operator’s stock worth $9,893,000 after buying an additional 290,659 shares during the period. Kennedy Capital Management Inc. boosted its stake in Ruth’s Hospitality Group by 1,296.2% during the first quarter. Kennedy Capital Management Inc. now owns 305,696 shares of the restaurant operator’s stock worth $6,129,000 after buying an additional 283,801 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ruth’s Hospitality Group by 10.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,448 shares of the restaurant operator’s stock worth $30,685,000 after buying an additional 149,947 shares during the period. Finally, LSV Asset Management boosted its stake in Ruth’s Hospitality Group by 108.0% during the first quarter. LSV Asset Management now owns 281,900 shares of the restaurant operator’s stock worth $5,652,000 after buying an additional 146,400 shares during the period. 81.82% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/11/chicago-equity-partners-llc-acquires-shares-of-34590-ruths-hospitality-group-inc-ruth.html.

RUTH has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, June 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a $24.00 price objective (up from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Ruth’s Hospitality Group in a research note on Monday, May 15th. BidaskClub lowered shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Ruth’s Hospitality Group in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $21.60.

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) opened at 18.35 on Monday. The company has a market capitalization of $557.97 million, a P/E ratio of 18.13 and a beta of 0.32. Ruth’s Hospitality Group, Inc. has a 52-week low of $13.74 and a 52-week high of $22.65. The stock’s 50 day moving average price is $19.81 and its 200 day moving average price is $20.26.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $100 million during the quarter, compared to analysts’ expectations of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. On average, equities research analysts forecast that Ruth’s Hospitality Group, Inc. will post $1.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, August 8th. Ruth’s Hospitality Group’s dividend payout ratio is presently 35.64%.

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.

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

Receive News & Stock Ratings for Ruth's Hospitality Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruth's Hospitality Group Inc. and related stocks with our FREE daily email newsletter.