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Ruby Tuesday (NYSE:RT) Insider James J. Buettgen purchased 50,000 shares of the stock in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $6.08 per share, for a total transaction of $304,000.00. Following the transaction, the insider now directly owns 932,889 shares of the company’s stock, valued at approximately $5,671,965. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Ruby Tuesday currently has a consensus rating of “Hold” and an average target price of $8.33.

Shares of Ruby Tuesday (NYSE:RT) opened at 6.37 on Wednesday. Ruby Tuesday has a 52-week low of $5.14 and a 52-week high of $8.22. The stock’s 50-day moving average is $6.70 and its 200-day moving average is $6.70. The company’s market cap is $384.5 million.

Ruby Tuesday (NYSE:RT) last announced its earnings results 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. On average, analysts predict that Ruby Tuesday will post $-0.19 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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