LS Investment Advisors LLC reduced its holdings in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,145 shares of the restaurant operator’s stock after selling 695 shares during the quarter. LS Investment Advisors LLC’s holdings in Ruth’s Hospitality Group were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in RUTH. Quantamental Technologies LLC acquired a new position in Ruth’s Hospitality Group in the fourth quarter valued at $84,000. Ancora Advisors LLC acquired a new stake in Ruth’s Hospitality Group during the third quarter worth about $101,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Ruth’s Hospitality Group during the third quarter worth about $215,000. Paloma Partners Management Co acquired a new stake in Ruth’s Hospitality Group during the third quarter worth about $239,000. Finally, Algert Global LLC acquired a new stake in Ruth’s Hospitality Group during the fourth quarter worth about $269,000. Hedge funds and other institutional investors own 81.36% of the company’s stock.
Several equities research analysts have commented on the company. BidaskClub upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research note on Sunday, February 10th. ValuEngine lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Finally, Citigroup dropped their price target on Ruth’s Hospitality Group from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, November 12th. Six research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $32.00.
Shares of NASDAQ:RUTH opened at $24.64 on Thursday. The stock has a market cap of $751.44 million, a price-to-earnings ratio of 22.40, a PEG ratio of 1.16 and a beta of 0.47. The company has a quick ratio of 0.27, a current ratio of 0.39 and a debt-to-equity ratio of 0.60. Ruth’s Hospitality Group, Inc. has a 12 month low of $21.55 and a 12 month high of $33.95.
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Ruth’s Hospitality Group Profile
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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