Dupont Capital Management Corp Sells 5,270 Shares of Ruth's Hospitality Group, Inc. (RUTH)

Dupont Capital Management Corp lessened its stake in Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,544 shares of the restaurant operator’s stock after selling 5,270 shares during the quarter. Dupont Capital Management Corp’s holdings in Ruth's Hospitality Group were worth $445,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RUTH. TIAA CREF Investment Management LLC boosted its stake in shares of Ruth's Hospitality Group by 2.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 233,407 shares of the restaurant operator’s stock valued at $5,077,000 after buying an additional 6,328 shares during the period. BlackRock Inc. boosted its stake in shares of Ruth's Hospitality Group by 10.0% in the 2nd 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 during the period. Northern Trust Corp boosted its stake in shares of Ruth's Hospitality Group by 2.4% in the 2nd quarter. Northern Trust Corp now owns 402,462 shares of the restaurant operator’s stock valued at $8,753,000 after buying an additional 9,585 shares during the period. Vanguard Group Inc. boosted its stake in shares of Ruth's Hospitality Group by 1.9% in the 2nd 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 during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Ruth's Hospitality Group by 2.1% in the 2nd quarter. California Public Employees Retirement System now owns 134,700 shares of the restaurant operator’s stock valued at $2,930,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 81.51% of the company’s stock.

Shares of Ruth's Hospitality Group, Inc. (RUTH) opened at $22.75 on Friday. 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, Inc. has a 12-month low of $16.65 and a 12-month high of $24.15. The firm has a market capitalization of $718.95, a PE ratio of 23.70, a PEG ratio of 1.35 and a beta of 0.38.

Ruth's Hospitality Group announced that its Board of Directors has authorized a stock repurchase program on Friday, November 3rd that allows the company to buyback $60.00 million in outstanding shares. This buyback authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, COO Kevin W. Toomy sold 24,548 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.91, for a total transaction of $488,750.68. Following the sale, the chief operating officer now owns 157,551 shares of the company’s stock, valued at approximately $3,136,840.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kevin W. Toomy sold 1,856 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $20.00, for a total value of $37,120.00. Following the sale, the chief operating officer now directly owns 157,551 shares in the company, valued at approximately $3,151,020. The disclosure for this sale can be found here. Insiders have sold a total of 44,404 shares of company stock worth $912,331 in the last three months. Corporate insiders own 7.45% of the company’s stock.

Several equities analysts have recently issued reports on RUTH shares. Zacks Investment Research upgraded Ruth's Hospitality Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, January 4th. BidaskClub upgraded Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Raymond James Financial upgraded Ruth's Hospitality Group from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research note on Monday, January 29th. Finally, ValuEngine raised Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ruth's Hospitality Group presently has an average rating of “Buy” and a consensus price target of $23.40.

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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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