MetLife Investment Advisors LLC Has $296,000 Position in Ruth’s Hospitality Group, Inc. (RUTH)

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MetLife Investment Advisors LLC lowered its stake in shares of Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) by 38.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,027 shares of the restaurant operator’s stock after selling 8,027 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Ruth’s Hospitality Group were worth $296,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Ruth’s Hospitality Group by 2.4% during the 4th quarter. BlackRock Inc. now owns 4,549,035 shares of the restaurant operator’s stock worth $103,401,000 after acquiring an additional 104,480 shares during the period. Bank of New York Mellon Corp boosted its position in Ruth’s Hospitality Group by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 504,533 shares of the restaurant operator’s stock worth $11,468,000 after acquiring an additional 7,674 shares during the period. Bank of America Corp DE boosted its position in Ruth’s Hospitality Group by 2.9% during the 4th quarter. Bank of America Corp DE now owns 475,398 shares of the restaurant operator’s stock worth $10,805,000 after acquiring an additional 13,500 shares during the period. Morgan Stanley boosted its position in Ruth’s Hospitality Group by 32.3% during the 3rd quarter. Morgan Stanley now owns 396,250 shares of the restaurant operator’s stock worth $12,501,000 after acquiring an additional 96,784 shares during the period. Finally, Geode Capital Management LLC boosted its position in Ruth’s Hospitality Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 366,538 shares of the restaurant operator’s stock worth $8,331,000 after acquiring an additional 31,586 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Shares of Ruth’s Hospitality Group stock opened at $25.15 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $765.82 million, a PE ratio of 18.09, a PEG ratio of 1.22 and a beta of 0.54. Ruth’s Hospitality Group, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $33.95.

Ruth’s Hospitality Group (NASDAQ:RUTH) last announced its quarterly earnings data on Friday, February 22nd. The restaurant operator reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $127.16 million during the quarter, compared to analyst estimates of $126.83 million. Ruth’s Hospitality Group had a return on equity of 47.40% and a net margin of 9.21%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Equities analysts anticipate that Ruth’s Hospitality Group, Inc. will post 1.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $0.13 dividend. This is a positive change from Ruth’s Hospitality Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.52 annualized dividend and a dividend yield of 2.07%. Ruth’s Hospitality Group’s dividend payout ratio is 37.41%.

A number of research analysts have issued reports on RUTH shares. Zacks Investment Research upgraded Ruth’s Hospitality Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. BidaskClub lowered Ruth’s Hospitality Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, Citigroup set a $28.00 price target on Ruth’s Hospitality Group and gave the stock a “hold” rating in a research report on Friday, March 8th. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $31.00.

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About Ruth’s Hospitality Group

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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