New York State Teachers Retirement System reduced its position in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,853 shares of the company’s stock after selling 3,800 shares during the period. New York State Teachers Retirement System’s holdings in Ruth's Hospitality Group were worth $2,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aperio Group LLC increased its position in shares of Ruth's Hospitality Group by 6.4% in the third quarter. Aperio Group LLC now owns 12,153 shares of the company’s stock worth $172,000 after buying an additional 735 shares during the period. Victory Capital Management Inc. increased its position in shares of Ruth's Hospitality Group by 2.7% in the third quarter. Victory Capital Management Inc. now owns 64,009 shares of the company’s stock worth $903,000 after buying an additional 1,655 shares during the period. Bank of New York Mellon Corp increased its position in shares of Ruth's Hospitality Group by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 523,456 shares of the company’s stock worth $7,391,000 after buying an additional 8,892 shares during the period. JPMorgan Chase & Co. increased its position in shares of Ruth's Hospitality Group by 26.3% in the third quarter. JPMorgan Chase & Co. now owns 683,909 shares of the company’s stock worth $9,657,000 after buying an additional 142,298 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Ruth's Hospitality Group by 33.8% in the third quarter. Prudential Financial Inc. now owns 258,658 shares of the company’s stock worth $3,652,000 after buying an additional 65,270 shares during the period. Institutional investors and hedge funds own 78.57% of the company’s stock.

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

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) opened at 19.60 on Tuesday. Ruth's Hospitality Group, Inc. has a 52-week low of $13.74 and a 52-week high of $20.00. The company’s 50 day moving average is $17.68 and its 200 day moving average is $16.66. The firm has a market cap of $598.82 million, a P/E ratio of 20.61 and a beta of 0.52.

Ruth's Hospitality Group (NASDAQ:RUTH) last posted its earnings results on Friday, February 17th. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $107.60 million for the quarter, compared to the consensus estimate of $108.54 million. Ruth's Hospitality Group had a net margin of 8.03% and a return on equity of 34.67%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. Equities research analysts forecast that Ruth's Hospitality Group, Inc. will post $1.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 9th. Investors of record on Thursday, February 23rd were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from Ruth's Hospitality Group’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, February 21st. Ruth's Hospitality Group’s dividend payout ratio (DPR) is 30.11%.

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RUTH has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 3rd. Jefferies Group LLC upped their price target on shares of Ruth's Hospitality Group from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, February 21st. Finally, Citigroup Inc upped their price target on shares of Ruth's Hospitality Group from $18.50 to $20.00 and gave the stock a “neutral” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Ruth's Hospitality Group currently has a consensus rating of “Hold” and a consensus price target of $18.25.

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: the Company-owned steakhouse restaurant segment and the franchise operations segment. The Company’s Ruth’s Chris restaurants cater to special occasion diners and frequent customers, in addition to the business clientele.

5 Day Chart for NASDAQ:RUTH

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