Ruby Tuesday Inc. Hits New 52-Week Low at $5.40 (RT)
Shares of Ruby Tuesday (NYSE:RT) hit a new 52-week low on Monday, AR Network reports. The company traded as low as $5.40 and last traded at $5.61, with a volume of 3,007,288 shares trading hands. The stock had previously closed at $5.97.
RT has been the subject of a number of recent research reports. Analysts at B. Riley downgraded shares of Ruby Tuesday from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Zacks downgraded shares of Ruby Tuesday from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 23rd. They now have a $5.90 price target on the stock. Finally, 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, October 21st. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.98.
In other Ruby Tuesday news, Director Matthew A. Drapkin sold 1,451,226 shares of Ruby Tuesday stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $5.94, for a total value of $8,620,282.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Ruby Tuesday has a one year low of $7.03 and a one year high of $9.90. The stock’s 50-day moving average is $7.36 and its 200-day moving average is $8.43. The company’s market cap is $336.7 million.
Ruby Tuesday (NYSE:RT) last announced its earnings results 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. Analysts expect that Ruby Tuesday will post $-0.57 EPS for the current fiscal year.
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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