Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Short Interest Update

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,118,000 shares, a growth of 20.7% from the June 30th total of 926,600 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily volume of 179,400 shares, the short-interest ratio is currently 6.2 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RUTH. TD Asset Management Inc. increased its stake in shares of Ruth’s Hospitality Group by 9.1% during the first quarter. TD Asset Management Inc. now owns 442,100 shares of the restaurant operator’s stock worth $11,313,000 after purchasing an additional 37,000 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Ruth’s Hospitality Group by 0.8% during the second quarter. Panagora Asset Management Inc. now owns 368,215 shares of the restaurant operator’s stock worth $8,362,000 after purchasing an additional 3,062 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ruth’s Hospitality Group by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 366,538 shares of the restaurant operator’s stock worth $8,331,000 after purchasing an additional 31,586 shares in the last quarter. Phocas Financial Corp. increased its stake in shares of Ruth’s Hospitality Group by 94.9% during the first quarter. Phocas Financial Corp. now owns 361,461 shares of the restaurant operator’s stock worth $9,250,000 after purchasing an additional 176,000 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Ruth’s Hospitality Group by 16.8% during the second quarter. Wells Fargo & Company MN now owns 254,490 shares of the restaurant operator’s stock worth $5,779,000 after purchasing an additional 36,607 shares in the last quarter. 83.20% of the stock is owned by institutional investors.

RUTH traded up $0.15 on Tuesday, reaching $21.00. The stock had a trading volume of 2,188 shares, compared to its average volume of 189,933. Ruth’s Hospitality Group has a 12-month low of $20.04 and a 12-month high of $32.65. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 2.57. The company has a 50-day moving average price of $22.10. The company has a market cap of $631.80 million, a P/E ratio of 15.24, a P/E/G ratio of 1.04 and a beta of 0.56.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, August 2nd. The restaurant operator reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. Ruth’s Hospitality Group had a net margin of 9.14% and a return on equity of 44.15%. The company had revenue of $110.24 million during the quarter, compared to analysts’ expectations of $112.41 million. Analysts predict that Ruth’s Hospitality Group will post 1.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.52 dividend on an annualized basis and a yield of 2.48%. Ruth’s Hospitality Group’s payout ratio is 37.41%.

RUTH has been the subject of a number of research reports. ValuEngine downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 11th. Stephens initiated coverage on shares of Ruth’s Hospitality Group in a research report on Wednesday, April 17th. They set an “equal weight” rating and a $28.00 target price for the company. BidaskClub downgraded shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Investment Research downgraded shares of Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Ruth’s Hospitality Group currently has a consensus rating of “Hold” and an average target price of $30.00.

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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