Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) Sees Large Decline in Short Interest

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,007,000 shares, a drop of 5.2% from the May 15th total of 1,061,800 shares. Based on an average daily volume of 179,200 shares, the days-to-cover ratio is presently 5.6 days. Currently, 3.6% of the shares of the stock are sold short.

RUTH traded down $0.26 on Friday, hitting $22.55. 125,417 shares of the company were exchanged, compared to its average volume of 144,875. The stock’s fifty day moving average price is $22.66. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 2.20. Ruth’s Hospitality Group has a 12 month low of $21.70 and a 12 month high of $33.95. The company has a market capitalization of $687.32 million, a PE ratio of 16.22, a PEG ratio of 1.10 and a beta of 0.59.

Ruth’s Hospitality Group (NASDAQ:RUTH) last issued its quarterly earnings data on Friday, May 3rd. The restaurant operator reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $119.70 million for the quarter, compared to analyst estimates of $119.61 million. Ruth’s Hospitality Group had a return on equity of 45.79% and a net margin of 9.21%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Sell-side analysts forecast that Ruth’s Hospitality Group will post 1.43 earnings per share for the current year.

Several research analysts have commented on the company. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Stephens initiated coverage on Ruth’s Hospitality Group in a report on Wednesday, April 17th. They set an “equal weight” rating and a $28.00 price objective on the stock. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RUTH. Rhumbline Advisers boosted its stake in shares of Ruth’s Hospitality Group by 24.1% in the fourth quarter. Rhumbline Advisers now owns 81,032 shares of the restaurant operator’s stock worth $1,842,000 after acquiring an additional 15,717 shares during the period. Victory Capital Management Inc. raised its position in Ruth’s Hospitality Group by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 106,733 shares of the restaurant operator’s stock valued at $2,426,000 after purchasing an additional 3,480 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in Ruth’s Hospitality Group during the fourth quarter valued at approximately $248,000. Prudential Financial Inc. raised its position in Ruth’s Hospitality Group by 21.9% during the fourth quarter. Prudential Financial Inc. now owns 78,769 shares of the restaurant operator’s stock valued at $1,789,000 after purchasing an additional 14,131 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Ruth’s Hospitality Group in the fourth quarter worth approximately $645,000. Institutional investors own 82.04% of the company’s stock.

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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