Wedge Capital Management L L P NC Trims Position in Ruth's Hospitality Group, Inc. (RUTH)

Wedge Capital Management L L P NC cut its holdings in shares of Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,500 shares of the restaurant operator’s stock after selling 7,200 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.24% of Ruth's Hospitality Group worth $1,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Ruth's Hospitality Group by 2.0% during 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 purchasing an additional 33,385 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Ruth's Hospitality Group by 0.4% during the fourth quarter. Allianz Asset Management GmbH now owns 1,474,623 shares of the restaurant operator’s stock valued at $31,925,000 after purchasing an additional 5,462 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Ruth's Hospitality Group by 44.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 524,721 shares of the restaurant operator’s stock valued at $11,360,000 after purchasing an additional 161,091 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Ruth's Hospitality Group by 15.7% during the first quarter. Wells Fargo & Company MN now owns 440,179 shares of the restaurant operator’s stock valued at $10,761,000 after purchasing an additional 59,628 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Ruth's Hospitality Group by 2.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 347,275 shares of the restaurant operator’s stock valued at $7,519,000 after purchasing an additional 7,760 shares during the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Susan Mirdamadi sold 8,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $24.80, for a total value of $198,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.50% of the company’s stock.

Several equities research analysts have commented on the stock. BidaskClub raised shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine raised shares of Ruth's Hospitality Group from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Deutsche Bank downgraded shares of Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Raymond James raised shares of Ruth's Hospitality Group from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Monday, January 29th. Finally, Zacks Investment Research downgraded shares of Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.80.

Shares of Ruth's Hospitality Group stock opened at $28.00 on Tuesday. Ruth's Hospitality Group, Inc. has a 12-month low of $17.95 and a 12-month high of $28.75. The stock has a market capitalization of $883.32 million, a PE ratio of 23.79, a PEG ratio of 1.49 and a beta of 0.32. The company has a current ratio of 0.42, a quick ratio of 0.32 and a debt-to-equity ratio of 0.63.

Ruth's Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, May 4th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Ruth's Hospitality Group had a net margin of 7.69% and a return on equity of 44.74%. The firm had revenue of $116.50 million for the quarter, compared to the consensus estimate of $115.84 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. analysts anticipate that Ruth's Hospitality Group, Inc. will post 1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, May 23rd. Ruth's Hospitality Group’s payout ratio is 40.00%.

About Ruth's Hospitality Group

Ruth's Hospitality Group, Inc, together with its subsidiaries, develops, operates, and franchises fine dining restaurants under the Ruth's Chris Steak House name. Its restaurants offer food and beverage products to special occasion diners and frequent customers, as well as business clientele.

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

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