Ruth’s Hospitality Group, Inc. (RUTH) COO Kevin W. Toomy Sells 1,856 Shares

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) COO Kevin W. Toomy sold 1,856 shares of Ruth’s Hospitality Group stock in a transaction 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 sale, the chief operating officer now directly owns 157,551 shares of the company’s stock, valued at $3,151,020. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Ruth’s Hospitality Group, Inc. (NASDAQ RUTH) traded down $0.05 during trading hours on Monday, reaching $19.85. 172,600 shares of the company were exchanged, compared to its average volume of 223,157. The stock has a market cap of $620.87, a PE ratio of 20.68, a PEG ratio of 1.35 and a beta of 0.34. Ruth’s Hospitality Group, Inc. has a one year low of $16.45 and a one year high of $22.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.29 and a current ratio of 0.41.

Ruth’s Hospitality Group (NASDAQ:RUTH) last released its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $85.16 million during the quarter, compared to analysts’ expectations of $87.20 million. During the same quarter in the previous year, the firm posted $0.10 EPS. Ruth’s Hospitality Group’s revenue was up 1.7% compared to the same quarter last year. equities research analysts predict that Ruth’s Hospitality Group, Inc. will post 1.03 EPS for the current fiscal year.

Ruth’s Hospitality Group declared that its board has initiated a share repurchase plan on Friday, November 3rd that permits the company to repurchase $60.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be given a $0.09 dividend. This is a boost from Ruth’s Hospitality Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.81%. Ruth’s Hospitality Group’s payout ratio is presently 37.90%.

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RUTH has been the topic of a number of analyst reports. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ruth’s Hospitality Group in a research report on Tuesday, July 25th. BidaskClub cut shares of Ruth’s Hospitality Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price on shares of Ruth’s Hospitality Group in a research report on Sunday, July 30th. Finally, Zacks Investment Research upgraded shares of Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Ruth’s Hospitality Group presently has an average rating of “Hold” and an average target price of $22.00.

Several hedge funds have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. boosted its stake in shares of Ruth’s Hospitality Group by 21.8% during the 1st quarter. OppenheimerFunds Inc. now owns 15,579 shares of the restaurant operator’s stock valued at $313,000 after purchasing an additional 2,789 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Ruth’s Hospitality Group by 5.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 227,079 shares of the restaurant operator’s stock valued at $4,553,000 after purchasing an additional 12,049 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ruth’s Hospitality Group by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 2,334,309 shares of the restaurant operator’s stock valued at $46,802,000 after purchasing an additional 60,769 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ruth’s Hospitality Group by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 259,707 shares of the restaurant operator’s stock valued at $5,207,000 after purchasing an additional 6,885 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ruth’s Hospitality Group by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,448 shares of the restaurant operator’s stock valued at $30,685,000 after purchasing an additional 149,947 shares in the last quarter. Hedge funds and other institutional investors own 81.31% of the company’s stock.

About Ruth’s Hospitality Group

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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