Insider Selling: Ruby Tuesday Insider Sells 12,200 Shares of Stock (RT)
Ruby Tuesday (NYSE:RT) Insider Todd Burrowes unloaded 12,200 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $7.34, for a total transaction of $89,548.00. Following the completion of the transaction, the insider now directly owns 173,916 shares of the company’s stock, valued at approximately $1,276,543. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ruby Tuesday (NYSE:RT) traded up 1.10% during mid-day trading on Tuesday, hitting $7.37. 197,954 shares of the company’s stock traded hands. Ruby Tuesday has a 1-year low of $5.14 and a 1-year high of $9.90. The stock has a 50-day moving average of $7.73 and a 200-day moving average of $6.60. The company’s market cap is $444.8 million.
Ruby Tuesday (NYSE:RT) last issued its quarterly earnings data on Wednesday, April 9th. The company reported ($0.07) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.07). The company had revenue of $295.60 million for the quarter, compared to the consensus estimate of $284.61 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Analysts expect that Ruby Tuesday will post $-0.78 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Longbow Research reiterated a “buy” rating on shares of Ruby Tuesday in a research note on Thursday, April 24th. They now have a $10.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Ruby Tuesday from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $6.80 price target on the stock. Finally, analysts at Tigress Financial upgraded shares of Ruby Tuesday from a “sell” rating to a “neutral” rating in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.56.
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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