Ruby Tuesday (RT) Releases Quarterly Earnings Results
Ruby Tuesday (NYSE:RT) issued its quarterly earnings data on Wednesday. The company reported ($0.36) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.31, AnalystRatingsNetwork reports. The company had revenue of $289.67 million for the quarter, compared to the consensus estimate of $298.60 million.
Shares of Ruby Tuesday (NYSE:RT) traded up 4.28% on Wednesday, hitting $7.55. 989,862 shares of the company’s stock traded hands. Ruby Tuesday has a one year low of $6.75 and a one 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 $451.2 million.
Several analysts have recently commented on the stock. Analysts at B. Riley initiated coverage on shares of Ruby Tuesday in a research note to investors on Wednesday. They set a “buy” rating and a $10.00 price target on the stock. On the ratings front, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average 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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