The Ruth’s Hospitality Group, Inc. (RUTH) Director Sells $63,600.00 in Stock

The Ruth’s Hospitality Group, Inc. (RUTH) Director Sells $63,600.00 in Stock

Ruth's Hospitality Group, Inc. (NASDAQ RUTH) opened at 22.35 on Monday. The firm has a market cap of $685.97 million, a price-to-earnings ratio of 23.09 and a beta of 0.52. The firm has a 50 day moving average of $20.78 and a 200-day moving average of $18.80. Ruth's Hospitality Group, Inc. has a one year low of $13.74 and a one year high of $22.45.

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) Director Carla Cooper sold 3,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $21.20, for a total transaction of $63,600.00. Following the transaction, the director now directly owns 36,048 shares of the company’s stock, valued at $764,217.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ruth's Hospitality Group (NASDAQ:RUTH) last posted its quarterly earnings results on Friday, May 5th. The restaurant operator reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $105.50 million during the quarter, compared to the consensus estimate of $105.49 million. Ruth's Hospitality Group had a return on equity of 34.67% and a net margin of 8.03%. Ruth's Hospitality Group’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Equities research analysts forecast that Ruth's Hospitality Group, Inc. will post $1.07 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, May 16th. Ruth's Hospitality Group’s dividend payout ratio (DPR) is currently 30.11%.

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank boosted its stake in Ruth's Hospitality Group by 4.3% in the fourth quarter. Comerica Bank now owns 27,239 shares of the restaurant operator’s stock valued at $475,000 after buying an additional 1,131 shares during the period. Bessemer Group Inc. boosted its stake in shares of Ruth's Hospitality Group by 0.5% in the fourth quarter. Bessemer Group Inc. now owns 63,000 shares of the restaurant operator’s stock valued at $1,153,000 after buying an additional 300 shares during the last quarter. Cadence Capital Management LLC boosted its stake in shares of Ruth's Hospitality Group by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 41,842 shares of the restaurant operator’s stock valued at $766,000 after buying an additional 1,004 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Ruth's Hospitality Group during the fourth quarter valued at approximately $207,000. Finally, Phocas Financial Corp. boosted its position in Ruth's Hospitality Group by 6.5% in the third quarter. Phocas Financial Corp. now owns 528,597 shares of the restaurant operator’s stock worth $7,464,000 after buying an additional 32,237 shares during the last quarter. Institutional investors own 78.57% of the company’s stock. A number of research analysts have issued reports on the stock. Citigroup Inc reaffirmed a “neutral” rating and issued a $22.00 target price (up from $20.00) on shares of Ruth's Hospitality Group in a report on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating on shares of Ruth's Hospitality Group in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research report on Wednesday, May 10th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth's Hospitality Group in a research report on Thursday, April 20th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.25.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RUTH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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