Ruby Tuesday Inc. Sets New 1-Year Low at $5.35 (RT)
Ruby Tuesday (NYSE:RT) set a new 52-week low during trading on Tuesday, AnalystRatings.Net reports. The stock traded as low as $5.35 and last traded at $5.42, with a volume of 1,602,949 shares. The stock had previously closed at $5.91.
A number of research firms have recently commented on RT. Analysts at Zacks downgraded shares of Ruby Tuesday from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 9th. They now have a $5.70 price target on the stock. Separately, analysts at UBS AG initiated coverage on shares of Ruby Tuesday in a research note to investors on Wednesday, January 8th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.93.
Ruby Tuesday has a one year low of $5.35 and a one year high of $9.90. The stock’s 50-day moving average is $6.62 and its 200-day moving average is $7.12. The company’s market cap is $326.3 million.
Ruby Tuesday (NYSE:RT) last posted its quarterly earnings results on Wednesday, January 8th. The company reported ($0.43) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.07) earnings per share. Ruby Tuesday’s revenue was down 8.0% compared to the same quarter last year. On average, analysts predict that Ruby Tuesday will post $-0.54 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.
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