Ruby Tuesday Rating Lowered to Underperform at UBS AG (RT)
Ruby Tuesday (NYSE:RT) was downgraded by UBS AG from a “market perform” rating to an “underperform” rating in a research note issued on Thursday, Stock Ratings Network.com reports.
Shares of 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 has a 50-day moving average of $7.47 and a 200-day moving average of $8.47. The company’s market cap is $451.2 million.
Ruby Tuesday (NYSE:RT) last released its earnings data on Wednesday, October 9th. The company reported ($0.36) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.05 earnings per share. On average, analysts predict that Ruby Tuesday will post $0.03 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group cut their price target on shares of Ruby Tuesday from $8.00 to $6.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Ruby Tuesday currently has a consensus rating of “Hold” and a consensus target price 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.
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