Koch Industries Inc. Invests $274,000 in Ruth’s Hospitality Group, Inc. (RUTH) Stock

Koch Industries Inc. purchased a new position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,204 shares of the restaurant operator’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RUTH. LS Investment Advisors LLC lifted its position in shares of Ruth’s Hospitality Group by 409.3% during the fourth quarter. LS Investment Advisors LLC now owns 6,102 shares of the restaurant operator’s stock worth $132,000 after purchasing an additional 4,904 shares during the last quarter. Jefferies Group LLC bought a new stake in shares of Ruth’s Hospitality Group during the fourth quarter worth $208,000. Advisors Preferred LLC bought a new stake in shares of Ruth’s Hospitality Group during the first quarter worth $214,000. Teacher Retirement System of Texas bought a new stake in shares of Ruth’s Hospitality Group during the fourth quarter worth $215,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Ruth’s Hospitality Group during the fourth quarter worth $282,000. Institutional investors own 82.28% of the company’s stock.

RUTH stock opened at $27.90 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.35 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $855.47 million, a P/E ratio of 25.36, a PEG ratio of 1.42 and a beta of 0.28. Ruth’s Hospitality Group, Inc. has a 1-year low of $17.95 and a 1-year high of $28.75.



Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, May 4th. The restaurant operator reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $116.50 million during the quarter, compared to the consensus estimate of $115.84 million. Ruth’s Hospitality Group had a return on equity of 44.01% and a net margin of 7.69%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. sell-side analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 7th. Investors of record on Thursday, May 24th were issued a $0.11 dividend. The ex-dividend date was Wednesday, May 23rd. This represents a $0.44 annualized dividend and a dividend yield of 1.58%. Ruth’s Hospitality Group’s payout ratio is currently 40.00%.

Several research firms have recently weighed in on RUTH. Zacks Investment Research downgraded Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. BidaskClub downgraded Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Deutsche Bank downgraded Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Finally, Citigroup lifted their price objective on Ruth’s Hospitality Group from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.80.

Ruth’s Hospitality Group Company 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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Institutional Ownership by Quarter for Ruth`s Hospitality Group (NASDAQ:RUTH)

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