Ruby Tuesday Receives Average Recommendation of “Hold” from Brokerages (NYSE:RT)
Ruby Tuesday (NYSE:RT) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Analyst Ratings News reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.33.
Shares of Ruby Tuesday (NYSE:RT) opened at 6.20 on Monday. Ruby Tuesday has a one year low of $5.14 and a one year high of $8.22. The stock’s 50-day moving average is $6.60 and its 200-day moving average is $6.70. The company’s market cap is $374.3 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.
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.
In other Ruby Tuesday news, Insider James J. Buettgen purchased 50,000 shares of Ruby Tuesday stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $6.08 per share, for a total transaction of $304,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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