Renaissance Technologies LLC Has $5.60 Million Stake in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

Renaissance Technologies LLC grew its position in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH – Get Rating) by 58.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 332,000 shares of the restaurant operator’s stock after buying an additional 122,600 shares during the quarter. Renaissance Technologies LLC owned approximately 1.00% of Ruth’s Hospitality Group worth $5,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Ruth’s Hospitality Group by 36.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,096 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 564 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Ruth’s Hospitality Group by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 78,790 shares of the restaurant operator’s stock valued at $1,281,000 after acquiring an additional 606 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Ruth’s Hospitality Group by 15.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 5,258 shares of the restaurant operator’s stock valued at $85,000 after acquiring an additional 685 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Ruth’s Hospitality Group by 26.6% in the 1st quarter. Captrust Financial Advisors now owns 4,067 shares of the restaurant operator’s stock valued at $93,000 after acquiring an additional 855 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Ruth’s Hospitality Group by 0.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 127,199 shares of the restaurant operator’s stock valued at $2,068,000 after acquiring an additional 909 shares in the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RUTH. TheStreet downgraded Ruth’s Hospitality Group from a “b-” rating to a “c+” rating in a research note on Tuesday, December 20th. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of Ruth’s Hospitality Group in a research note on Thursday, February 23rd. Finally, StockNews.com raised Ruth’s Hospitality Group from a “hold” rating to a “buy” rating in a research report on Friday, February 24th.

Ruth’s Hospitality Group Stock Performance

Shares of NASDAQ RUTH opened at $16.83 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $17.57 and its two-hundred day moving average is $17.61. The company has a market cap of $538.56 million, a P/E ratio of 14.51 and a beta of 1.84. Ruth’s Hospitality Group, Inc. has a 12 month low of $14.65 and a 12 month high of $23.31.

Ruth’s Hospitality Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, March 9th. This is a boost from Ruth’s Hospitality Group’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.80%. Ruth’s Hospitality Group’s payout ratio is currently 48.28%.

Ruth’s Hospitality Group Profile

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Ruth’s Hospitality Group, Inc engages in the development and operation of fine dining restaurants. It operates through the following segments: Company Owned Steakhouse Restaurants and Franchise Operations. The Company-Owned Steakhouse Restaurants segment operates restaurants under the Ruth’s Chris Steak House brand.