Ruby Tuesday Now Covered by Analysts at B. Riley (RT)
Analysts at B. Riley began coverage on shares of Ruby Tuesday (NYSE:RT) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. B. Riley’s price target would suggest a potential upside of 38.12% from the stock’s previous close.
Ruby Tuesday (NYSE:RT) opened at 7.24 on Wednesday. Ruby Tuesday has a 1-year low of $6.75 and a 1-year high of $9.90. The stock has a 50-day moving average of $7.47 and a 200-day moving average of $8.48. The company’s market cap is $432.6 million.
Ruby Tuesday (NYSE:RT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.07. The company had revenue of $316.10 million for the quarter, compared to the consensus estimate of $332.17 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis.
A number of other firms have also recently commented on RT. Analysts at Wunderlich initiated coverage on shares of Ruby Tuesday in a research note to investors on Friday, September 6th. They set a “hold” rating and a $8.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Ruby Tuesday from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 26th. Finally, analysts at Zacks downgraded shares of Ruby Tuesday from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, July 31st. They now have a $7.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Ruby Tuesday presently has a consensus rating of “Hold” and a consensus target price of $8.25.
Ruby Tuesday, Inc, including its wholly-owned subsidiaries, owns and operates Ruby Tuesday, Lime Fresh Mexican, GrillMarlin & Ray’s, and Wok Hay casual dining restaurants.
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