Trading volume for Ruth’s Hospitality was 482K by the end of trading on Tuesday. Volume was up 121.61% over the stocks average daily volume.
Short traders are more bearish on shares of the company lately if you take a look at the uptick in short interest. The stock saw a rise in short interest of 0.65% as of the latest report on October 13, 2017. Short interest grew 5,574 over that timeframe. Days to cover increased 1.0 to 6.0 and the percentage of shorted shares was 0.03% on October 13.
The following firms have recently changed their position in RUTH. As of the end of the quarter Prospector Partners LLC had disposed of 11,700 shares trimming its holdings by 10.4%. The value in dollars decreased from $2,438,000 to $2,103,000 decreasing 13.7% for the reporting period. Algert Global LLC added to its holdings by buying 22,160 shares an increase of 21.8% from 06/30/2017 to 09/30/2017. Algert Global LLC now holds 123,841 shares worth $2,594,000. The total value of its holdings increased 17.3%.
As of quarter end Panagora Asset Management Inc had sold a total of 14,316 shares trimming its stake by 4.0%. The value of the investment in (RUTH) went from $7,814,000 to $7,227,000 a change of 7.5% since the last quarter. State Street Corp divested its ownership by shedding 6,917 shares a decrease of 0.8% in the quarter. State Street Corp controls 876,762 shares valued at $18,371,000. The value of the position overall is down by 4.4%.
August 31 investment analysts at Jefferies Group LLC maintained a company rating of “Hold” projecting a price of $20.00.
The company is so far trading up since yesterday’s close of 20.2. The company’s P/E ratio is 21.01 and the market cap is 639.94M. As of the last earnings report the EPS was $0.96 with 30.09M shares now outstanding.
Ruth’s Hospitality Group, Inc., launched on May 11, 2005, develops and operates fine dining restaurants under the name, Ruth’s Chris Steak House. The Company operates through two segments: the Company-owned steakhouse restaurants and Franchise operations. 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 operating, and the franchise operations segment included 81 franchisee-owned Ruth’s Chris Steak House restaurants. Its Ruth’s Chris restaurants cater to special occasion diners and frequent customers, in addition to the business clientele. As of December 25, 2016, it had 20 international franchisee-owned restaurants in Aruba, Canada, China, Hong Kong, Indonesia, Japan, Mexico, Panama, Singapore, Taiwan and the United Arab Emirates. The Company also operates Company-owned restaurant in Waltham, Massachusetts and one restaurant operating under a contractual agreement in Tulsa, Oklahoma..