Alps Advisors Inc. purchased a new stake in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,644 shares of the restaurant operator’s stock, valued at approximately $495,000. Alps Advisors Inc. owned approximately 0.08% of Ruth’s Hospitality Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Ruth’s Hospitality Group by 6.6% in the second quarter. Royal Bank of Canada now owns 229,042 shares of the restaurant operator’s stock worth $4,982,000 after purchasing an additional 14,231 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in Ruth’s Hospitality Group in the second quarter worth $752,000. Dimensional Fund Advisors LP boosted its holdings in 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 worth $35,428,000 after purchasing an additional 98,417 shares in the last quarter. Trexquant Investment LP bought a new stake in Ruth’s Hospitality Group in the second quarter worth $209,000. Finally, Strs Ohio bought a new stake in Ruth’s Hospitality Group in the second quarter worth $752,000. Institutional investors and hedge funds own 79.79% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth’s Hospitality Group in a report on Tuesday, July 25th. BidaskClub cut shares of Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price objective on shares of Ruth’s Hospitality Group in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.00.

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Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) opened at $19.85 on Friday. The company has a market cap of $620.87, a PE ratio of 20.68, a PEG ratio of 1.35 and a beta of 0.34. The company has a current ratio of 0.41, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. Ruth’s Hospitality Group, Inc. has a 52-week low of $16.45 and a 52-week high of $22.65.

Ruth’s Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Ruth’s Hospitality Group had a return on equity of 35.46% and a net margin of 7.47%. The business had revenue of $85.16 million during the quarter, compared to analyst estimates of $87.20 million. During the same period last year, the company earned $0.10 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts forecast that Ruth’s Hospitality Group, Inc. will post 1.03 EPS for the current fiscal year.

Ruth’s Hospitality Group declared that its Board of Directors has initiated a share repurchase plan on Friday, November 3rd that allows the company to repurchase $60.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.09 per share. 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 dividend yield of 1.81%. The ex-dividend date is Wednesday, November 8th. Ruth’s Hospitality Group’s dividend payout ratio is 37.90%.

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.

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

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