Ruby Tuesday Inc. (RT) Reaches New 12-Month Low at $2.59
Shares of Ruby Tuesday Inc. (NYSE:RT) reached a new 52-week low during trading on Tuesday . The stock traded as low as $2.59 and last traded at $2.59, with a volume of 549,787 shares changing hands. The stock had previously closed at $2.70.
The stock’s market cap is $153.12 million. The company’s 50 day moving average is $3.22 and its 200-day moving average is $4.05.
Ruby Tuesday (NYSE:RT) last issued its earnings results on Thursday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.01. Ruby Tuesday had a negative net margin of 4.64% and a positive return on equity of 0.89%. The company earned $279.30 million during the quarter, compared to analysts’ expectations of $285 million. During the same period last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities research analysts forecast that Ruby Tuesday Inc. will post $0.08 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of RT. Thrivent Financial for Lutherans boosted its position in shares of Ruby Tuesday by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 28,930 shares of the company’s stock worth $104,000 after buying an additional 460 shares during the period. KCG Holdings Inc. bought a new position in shares of Ruby Tuesday during the second quarter worth about $106,000. Arizona State Retirement System boosted its position in shares of Ruby Tuesday by 3.2% in the first quarter. Arizona State Retirement System now owns 31,805 shares of the company’s stock worth $171,000 after buying an additional 1,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Ruby Tuesday by 1.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,760 shares of the company’s stock worth $176,000 after buying an additional 480 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Ruby Tuesday during the second quarter worth about $136,000. 87.64% of the stock is owned by institutional investors.
Ruby Tuesday Company Profile
Ruby Tuesday, Inc, owns, operates and franchises the Ruby Tuesday casual dining restaurant chain and operates in the bar and grill segment of the casual dining industry. The Company operates through Ruby Tuesday and Lime Fresh segments. The Ruby Tuesday segment offers food and beverages under the Ruby Tuesday brand.
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