Ruby Tuesday Downgraded to Underperform at Zacks (RT)
Ruby Tuesday (NYSE:RT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday, AnalystRatings.Net reports. They currently have a $5.70 price target on the stock. Zacks‘ price objective suggests a potential downside of 4.52% from the company’s current price.
A number of other firms have also recently commented on RT. Analysts at UBS AG initiated coverage on shares of Ruby Tuesday in a research note to investors on Wednesday. They set a “neutral” rating 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. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.93.
Ruby Tuesday (NYSE:RT) traded up 1.34% on Thursday, hitting $6.05. The stock had a trading volume of 2,490,088 shares. Ruby Tuesday has a one year low of $5.40 and a one year high of $9.90. The stock has a 50-day moving average of $6.87 and a 200-day moving average of $7.32. The company’s market cap is $363.8 million.
Ruby Tuesday (NYSE:RT) last announced its earnings results on Wednesday, January 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Ruby Tuesday will post $-0.53 earnings per share 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.
To view Zacks’ full report, visit www.zacks.com
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.