Wedge Capital Management L L P NC grew its stake in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 19.8% during the third quarter, Holdings Channel reports. The institutional investor owned 80,797 shares of the restaurant operator’s stock after buying an additional 13,351 shares during the period. Wedge Capital Management L L P NC’s holdings in Ruth’s Hospitality Group were worth $1,649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Morgan Stanley raised its stake in Ruth’s Hospitality Group by 0.4% during the 2nd quarter. Morgan Stanley now owns 141,145 shares of the restaurant operator’s stock valued at $3,206,000 after purchasing an additional 512 shares during the period. 6 Meridian raised its stake in Ruth’s Hospitality Group by 2.3% during the 2nd quarter. 6 Meridian now owns 29,377 shares of the restaurant operator’s stock valued at $667,000 after purchasing an additional 648 shares during the period. Rhumbline Advisers raised its stake in Ruth’s Hospitality Group by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 83,494 shares of the restaurant operator’s stock valued at $1,705,000 after purchasing an additional 669 shares during the period. Swiss National Bank raised its stake in Ruth’s Hospitality Group by 2.1% during the 2nd quarter. Swiss National Bank now owns 54,500 shares of the restaurant operator’s stock valued at $1,238,000 after purchasing an additional 1,100 shares during the period. Finally, Advisors Preferred LLC bought a new stake in Ruth’s Hospitality Group during the 2nd quarter valued at approximately $25,000. 81.51% of the stock is currently owned by institutional investors.

NASDAQ:RUTH opened at $25.22 on Friday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.36 and a quick ratio of 0.25. Ruth’s Hospitality Group, Inc. has a 1 year low of $18.60 and a 1 year high of $28.33. The stock’s 50 day simple moving average is $20.50 and its two-hundred day simple moving average is $21.98. The company has a market cap of $724.55 million, a price-to-earnings ratio of 18.14, a PEG ratio of 1.29 and a beta of 0.61.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, November 1st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. Ruth’s Hospitality Group had a return on equity of 45.15% and a net margin of 9.26%. The business had revenue of $103.01 million for the quarter, compared to the consensus estimate of $102.19 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.41 EPS for the current year.

Several analysts recently issued reports on RUTH shares. Piper Jaffray Companies decreased their target price on Ruth’s Hospitality Group from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. BidaskClub raised Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Stephens set a $24.00 target price on Ruth’s Hospitality Group and gave the company a “hold” rating in a research note on Friday, November 1st. ValuEngine raised Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ruth’s Hospitality Group has an average rating of “Hold” and an average target price of $24.67.

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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