What Smart Money Investors Think about Ruth’s Hospitality Group, Inc. (RUTH)?

Consequently, key hedge funds have jumped into Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) headfirst. Matthew Hulsizer’s PEAK6 Capital Management initiated the largest position in Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH). PEAK6 Capital Management had $0.4 million invested in the company at the end of the quarter. Alec Litowitz and Ross Laser’s Magnetar Capital also made a $0.4 million investment in the stock during the quarter. The following funds were also among the new RUTH investors: Dmitry Balyasny’s Balyasny Asset Management,  Citadel Investment Group, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s now review hedge fund activity in other stocks similar to Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH). These stocks are Cascade Bancorp (NASDAQ:CACB), Revance Therapeutics Inc (NASDAQ:RVNC), American Midstream Partners LP (NYSE:AMID), and Ring Energy Inc (NYSEMKT:REI). This group of stocks’ market values are closest to RUTH’s market value.

As you can see these stocks had an average of seven funds with bullish positions and the average amount invested in these stocks was $53 million. That figure was $32 million in RUTH’s case. Ring Energy Inc (NYSEMKT:REI) is the most popular stock in this table. On the other hand Revance Therapeutics Inc (NASDAQ:RVNC) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None