Numeric Investors LLC trimmed its holdings in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 33.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 284,510 shares of the restaurant operator’s stock after selling 143,788 shares during the quarter. Numeric Investors LLC owned approximately 0.94% of Ruth’s Hospitality Group worth $6,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RUTH. Nationwide Fund Advisors grew its holdings in shares of Ruth’s Hospitality Group by 2.6% in the first quarter. Nationwide Fund Advisors now owns 45,002 shares of the restaurant operator’s stock worth $902,000 after purchasing an additional 1,126 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Ruth’s Hospitality Group by 5.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 42,248 shares of the restaurant operator’s stock worth $847,000 after buying an additional 2,319 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Ruth’s Hospitality Group by 10.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,589 shares of the restaurant operator’s stock worth $874,000 after buying an additional 4,162 shares during the period. BNP Paribas Arbitrage SA increased its stake in Ruth’s Hospitality Group by 9.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,860 shares of the restaurant operator’s stock worth $158,000 after buying an additional 689 shares during the period. Finally, Comerica Bank increased its stake in Ruth’s Hospitality Group by 3.6% in the 1st quarter. Comerica Bank now owns 28,227 shares of the restaurant operator’s stock worth $567,000 after buying an additional 988 shares during the period. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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Several equities research analysts have issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price objective on shares of Ruth’s Hospitality Group in a research report on Thursday, August 31st. Deutsche Bank AG restated a “buy” rating and issued a $24.00 target price (up from $22.50) on shares of Ruth’s Hospitality Group in a research note on Monday, July 10th. Zacks Investment Research raised shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. 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. 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.60.

Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) opened at 21.05 on Tuesday. Ruth’s Hospitality Group, Inc. has a 52-week low of $13.93 and a 52-week high of $22.65. The company has a market cap of $640.07 million, a P/E ratio of 20.80 and a beta of 0.33. The stock’s 50 day moving average price is $19.90 and its 200-day moving average price is $20.58.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings data on Friday, July 28th. The restaurant operator reported $0.25 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $99.34 million. During the same quarter last year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Ruth’s Hospitality Group, Inc. will post $1.08 earnings per share for the current fiscal year.

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.

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

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