Ruth’s Hospitality Group, Inc. (RUTH) COO Sells $37,120.00 in Stock

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) COO Kevin W. Toomy sold 1,856 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $20.00, for a total value of $37,120.00. Following the completion of the sale, the chief operating officer now directly owns 157,551 shares in the company, valued at $3,151,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) traded down $0.05 during midday trading on Thursday, hitting $20.15. The stock had a trading volume of 196,900 shares, compared to its average volume of 224,281. The stock has a market capitalization of $631.82, a P/E ratio of 21.04, a PEG ratio of 1.37 and a beta of 0.34. Ruth’s Hospitality Group, Inc. has a 1-year low of $16.50 and a 1-year high of $22.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.29 and a current ratio of 0.41.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, November 8th. This is an increase from Ruth’s Hospitality Group’s previous quarterly dividend of $0.06. Ruth’s Hospitality Group’s dividend payout ratio (DPR) is 37.90%.

Ruth’s Hospitality Group declared that its board has authorized a stock repurchase plan on Friday, November 3rd that permits the company to repurchase $60.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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RUTH has been the topic of several research analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price objective on shares of Ruth’s Hospitality Group in a report on Thursday, August 31st. Zacks Investment Research raised Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, BidaskClub lowered Ruth’s Hospitality Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC lifted its position in shares of Ruth’s Hospitality Group by 21.8% in the third quarter. Algert Global LLC now owns 123,841 shares of the restaurant operator’s stock valued at $2,594,000 after acquiring an additional 22,160 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Ruth’s Hospitality Group in the third quarter valued at approximately $201,000. Allianz Asset Management GmbH lifted its position in shares of Ruth’s Hospitality Group by 73.5% in the third quarter. Allianz Asset Management GmbH now owns 1,469,161 shares of the restaurant operator’s stock valued at $30,779,000 after acquiring an additional 622,386 shares in the last quarter. OxFORD Asset Management LLP lifted its position in shares of Ruth’s Hospitality Group by 10.4% in the third quarter. OxFORD Asset Management LLP now owns 102,988 shares of the restaurant operator’s stock valued at $2,160,000 after acquiring an additional 9,720 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ruth’s Hospitality Group by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,662,250 shares of the restaurant operator’s stock valued at $34,824,000 after acquiring an additional 33,385 shares in the last quarter. Institutional investors and hedge funds own 81.31% of the company’s stock.

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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