Ruby Tuesday Price Target Cut to $6.00 by Analysts at Telsey Advisory Group (RT)
Analysts at Telsey Advisory Group dropped their price objective on shares of Ruby Tuesday (NYSE:RT) from $8.00 to $6.00 in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would indicate a potential downside of 20.53% from the company’s current price.
Ruby Tuesday (NYSE:RT) opened at 7.55 on Thursday. Ruby Tuesday has a one year low of $6.75 and a one year high of $9.90. The stock’s 50-day moving average is $7.47 and its 200-day moving average is $8.47. The company’s market cap is $451.2 million.
Ruby Tuesday (NYSE:RT) last posted its quarterly earnings results on Wednesday, October 9th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.31. The company had revenue of $289.67 million for the quarter, compared to the consensus estimate of $298.60 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Analysts expect that Ruby Tuesday will post $0.03 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of Ruby Tuesday from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.80.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.