Ruth's Hospitality Group (RUTH) : Simplex Trading added new position in Ruth's Hospitality Group during the most recent quarter end. The investment management firm now holds 19,828 shares of Ruth's Hospitality Group which is valued at $277,592 , the company said in a statement filed on Oct 7, 2016 with the SEC.Ruth's Hospitality Group makes up approximately 0.04% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in RUTH during the most recent quarter. The investment firm sold 5,400 shares of RUTH which is valued $75,600.Bnp Paribas Arbitrage Sa reduced its stake in RUTH by selling 6,160 shares or 58.62% in the most recent quarter. The Hedge Fund company now holds 4,349 shares of RUTH which is valued at $60,973.
Ruth's Hospitality Group closed down -0.02 points or -0.14% at $14 with 1,15,431 shares getting traded on Friday. Post opening the session at $14, the shares hit an intraday low of $13.99 and an intraday high of $14.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Ruth's Hospitality Group reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.23. The company had revenue of $92.65 million for the quarter, compared to analysts expectations of $92.56 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Ruth's Hospitality Group. Ruth's Hospitality Group was Downgraded by Jefferies to ” Hold” on Jul 26, 2016.
Ruth’s Hospitality Group Inc. is a restaurant company focused on the upscale dining segment. The Company operates Company-owned restaurants and sells franchise rights to Ruth’s Chris Steak House franchisees giving the franchisees the right to operate similar restaurants in a particular area designated in the franchise agreement. It has approximately 143 Ruth’s Chris Steak House restaurants including 65 Company-owned restaurants one restaurant operating under a management agreement and 77 franchisee-owned restaurants including 20 international franchisee-owned restaurants in Aruba Canada China Hong Kong El Salvador Japan Mexico Panama Singapore Taiwan and the United Arab Emirates. Its segments include the Company-owned steakhouse segment and the franchise operations segment.