Cubist Systematic Strategies LLC Invests $201,000 in Ruth's Hospitality Group, Inc. (RUTH)

Cubist Systematic Strategies LLC acquired a new position in shares of Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,618 shares of the restaurant operator’s stock, valued at approximately $201,000.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Ruth's Hospitality Group by 10.0% during the 2nd quarter. BlackRock Inc. now owns 4,287,383 shares of the restaurant operator’s stock worth $93,252,000 after purchasing an additional 389,525 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 acquiring an additional 44,441 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Ruth's Hospitality Group by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,662,250 shares of the restaurant operator’s stock valued at $34,824,000 after acquiring an additional 33,385 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Ruth's Hospitality Group by 73.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,469,161 shares of the restaurant operator’s stock valued at $30,779,000 after acquiring an additional 622,386 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Ruth's Hospitality Group by 227.5% in the 2nd quarter. Principal Financial Group Inc. now owns 775,973 shares of the restaurant operator’s stock valued at $16,877,000 after acquiring an additional 539,034 shares in the last quarter. 81.32% of the stock is currently owned by institutional investors.

In other Ruth's Hospitality Group news, COO Cheryl Janet Henry sold 18,000 shares of Ruth's Hospitality Group stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $21.47, for a total transaction of $386,460.00. Following the transaction, the chief operating officer now owns 343,617 shares of the company’s stock, valued at approximately $7,377,456.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Kevin W. Toomy sold 1,856 shares of Ruth's Hospitality Group stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $20.00, for a total transaction of $37,120.00. Following the transaction, 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. In the last ninety days, insiders sold 44,404 shares of company stock worth $912,331. 7.45% of the stock is owned by insiders.

Ruth's Hospitality Group, Inc. (NASDAQ RUTH) opened at $22.05 on Friday. Ruth's Hospitality Group, Inc. has a 1 year low of $16.55 and a 1 year high of $22.65. The firm has a market cap of $677.86, a PE ratio of 22.97, a P/E/G ratio of 1.30 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.41 and a quick ratio of 0.29.

Ruth's Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Ruth's Hospitality Group had a net margin of 7.47% and a return on equity of 35.46%. The business had revenue of $85.16 million during the quarter, compared to the consensus estimate of $87.20 million. During the same period in the previous year, the business posted $0.10 EPS. Ruth's Hospitality Group’s revenue was up 1.7% compared to the same quarter last year. equities analysts expect that Ruth's Hospitality Group, Inc. will post 1.03 earnings per share for the current year.

Ruth's Hospitality Group declared that its board has approved a stock buyback program on Friday, November 3rd that permits the company to buyback $60.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Ruth's Hospitality Group from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut shares of Ruth's Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.50.

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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.

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

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