OxFORD Asset Management LLP raised its holdings in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 34.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,268 shares of the restaurant operator’s stock after acquiring an additional 23,726 shares during the quarter. OxFORD Asset Management LLP owned 0.31% of Ruth’s Hospitality Group worth $2,029,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Ruth’s Hospitality Group by 10.0% in the second quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock valued at $93,252,000 after buying an additional 389,525 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ruth’s Hospitality Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,378,750 shares of the restaurant operator’s stock valued at $51,737,000 after buying an additional 44,441 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ruth’s Hospitality Group by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,628,865 shares of the restaurant operator’s stock valued at $35,428,000 after buying an additional 98,417 shares in the last quarter. State Street Corp increased its position in shares of Ruth’s Hospitality Group by 4.5% in the first quarter. State Street Corp now owns 901,073 shares of the restaurant operator’s stock valued at $18,061,000 after buying an additional 38,941 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Ruth’s Hospitality Group by 1.1% in the first quarter. Wellington Management Group LLP now owns 891,570 shares of the restaurant operator’s stock valued at $17,875,000 after buying an additional 10,074 shares in the last quarter. 81.82% of the stock is owned by institutional investors.

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) opened at 21.40 on Friday. The stock has a market cap of $650.71 million, a PE ratio of 21.15 and a beta of 0.33. The company’s 50-day moving average price is $20.04 and its 200-day moving average price is $20.61. Ruth’s Hospitality Group, Inc. has a 52-week low of $13.93 and a 52-week high of $22.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its earnings results on Friday, July 28th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $100.00 million for the quarter, compared to analyst estimates of $99.34 million. Ruth’s Hospitality Group had a return on equity of 37.86% and a net margin of 7.97%. Ruth’s Hospitality Group’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. Analysts expect that Ruth’s Hospitality Group, Inc. will post $1.08 earnings per share for the current year.

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RUTH has been the subject of a number of research analyst reports. BidaskClub cut Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC restated 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. Deutsche Bank AG restated a “buy” rating and issued a $24.00 price target (up previously 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 report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.75.

Ruth’s Hospitality Group Company 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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