Insider Selling: Ruby Tuesday Director Sells 1,451,226 Shares of Stock (RT)
Ruby Tuesday (NYSE:RT) Director Matthew Drapkin sold 1,451,226 shares of the stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $5.94, for a total value of $8,620,282.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Ruby Tuesday from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $5.90 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Ruby Tuesday from a “hold” rating to a “sell” rating in a research note to investors on Monday. Finally, analysts at TheStreet downgraded shares of Ruby Tuesday to a “sell” rating in a research note to investors on Tuesday, October 15th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.58.
Ruby Tuesday (NYSE:RT) traded up 0.67% on Friday, hitting $5.97. 961,896 shares of the company’s stock traded hands. Ruby Tuesday has a one year low of $7.03 and a one year high of $9.90. The stock has a 50-day moving average of $7.36 and a 200-day moving average of $8.43. The company’s market cap is $358.9 million.
Ruby Tuesday (NYSE:RT) last released its earnings data 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.
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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