Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Buying Ruth’s Hospitality Group, Inc. (RUTH)

Page 1 of 2

Should Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) investors track the following data?

To the average investor, there are a multitude of metrics shareholders can use to track publicly traded companies. A duo of the most under-the-radar are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best money managers can outclass their index-focused peers by a healthy margin (see just how much).

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH)

Just as crucial, optimistic insider trading activity is a second way to analyze the marketplace. As the old adage goes: there are lots of reasons for a bullish insider to downsize shares of his or her company, but only one, very simple reason why they would buy. Various academic studies have demonstrated the market-beating potential of this tactic if “monkeys” know where to look (learn more here).

Now that that’s out of the way, it’s important to discuss the recent info about Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH).

Hedge fund activity in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)

At Q2’s end, a total of 13 of the hedge funds we track held long positions in this stock, a change of 18% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their stakes substantially.

According to our 13F database, Michael Price’s MFP Investors had the most valuable position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH), worth close to $22.3 million, comprising 3% of its total 13F portfolio. The second largest stake is held by Jim Simons of Renaissance Technologies, with a $4.8 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include Ken Griffin’s Citadel Investment Group, D. E. Shaw’s D E Shaw and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

As aggregate interest spiked, certain bigger names have jumped into Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) headfirst. MFP Investors, managed by Michael Price, assembled the biggest position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH). MFP Investors had 22.3 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $4.8 million position during the quarter. The following funds were also among the new RUTH investors: Ken Griffin’s Citadel Investment Group, D. E. Shaw’s D E Shaw, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

How are insiders trading Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH)?

Legal insider trading, particularly when it’s bullish, is most useful when the company in focus has seen transactions within the past six months. Over the last 180-day time period, Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH). These stocks are Ruby Tuesday, Inc. (NYSE:RT), Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL), Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG), Ignite Restaurant Group Inc (NASDAQ:IRG), and Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). All of these stocks are in the restaurants industry and their market caps match RUTH’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!