UBS AG Initiates Coverage on Ruby Tuesday (RT)
UBS AG began coverage on shares of Ruby Tuesday (NYSE:RT) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Ruby Tuesday (NYSE:RT) last posted its quarterly earnings results on Wednesday, January 8th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.26) by $0.17. The company had revenue of $276.20 million for the quarter, compared to the consensus estimate of $271.93 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was down 8.0% on a year-over-year basis.
A number of other analysts have also recently weighed in on RT. Analysts at Zacks upgraded shares of Ruby Tuesday from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 11th. They now have a $7.30 price target on the stock. Separately, analysts at TheStreet downgraded shares of Ruby Tuesday to a “sell” rating in a research note to investors on Wednesday, November 13th. Finally, 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, October 28th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.33.
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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