Ruby Tuesday Given Consensus Recommendation of “Hold” by Analysts (NYSE:RT)
Shares of Ruby Tuesday (NYSE:RT) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Analyst Ratings Net reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $8.33.
Shares of Ruby Tuesday (NYSE:RT) traded up 0.99% during mid-day trading on Monday, hitting $6.11. The stock had a trading volume of 30,173 shares. Ruby Tuesday has a one year low of $5.14 and a one year high of $8.22. The stock has a 50-day moving average of $6.75 and a 200-day moving average of $6.68. The company’s market cap is $368.8 million.
Ruby Tuesday (NYSE:RT) last released its earnings data on Tuesday, July 29th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.06. The company had revenue of $307.30 million for the quarter, compared to the consensus estimate of $303.80 million. During the same quarter last year, the company posted $0.12 earnings per share. Ruby Tuesday’s revenue was down 2.8% compared to the same quarter last year. Analysts expect that Ruby Tuesday will post $-0.19 EPS for the current fiscal year.
Separately, analysts at Telsey Advisory Group raised their price target on shares of Ruby Tuesday from $7.00 to $8.00 in a research note on Wednesday, July 30th. They now have a “not rated” rating on the stock.
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.
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.