Insider Buying: Ruby Tuesday Inc. (RT) Insider Purchases 10,000 Shares of Stock
Ruby Tuesday Inc. (NYSE:RT) insider Rhonda J. Parish purchased 10,000 shares of the business’s stock in a transaction on Tuesday, October 11th. The stock was bought at an average cost of $2.79 per share, with a total value of $27,900.00. Following the purchase, the insider now owns 48,238 shares in the company, valued at $134,584.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ruby Tuesday Inc. (NYSE:RT) opened at 2.83 on Friday. Ruby Tuesday Inc. has a 1-year low of $2.08 and a 1-year high of $5.77. The firm has a 50-day moving average of $2.80 and a 200-day moving average of $3.75. The stock’s market cap is $169.21 million.
Ruby Tuesday (NYSE:RT) last issued its quarterly earnings data on Thursday, October 6th. The company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Ruby Tuesday had a negative net margin of 8.07% and a negative return on equity of 0.30%. The firm had revenue of $256.70 million for the quarter. Analysts expect that Ruby Tuesday Inc. will post $0.08 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Donald Smith & CO. Inc. boosted its position in shares of Ruby Tuesday by 22.2% in the second quarter. Donald Smith & CO. Inc. now owns 5,461,572 shares of the company’s stock valued at $19,716,000 after buying an additional 991,735 shares during the period. BlackRock Fund Advisors boosted its position in shares of Ruby Tuesday by 0.6% in the second quarter. BlackRock Fund Advisors now owns 4,037,648 shares of the company’s stock valued at $14,576,000 after buying an additional 25,598 shares during the period. Royce & Associates LP boosted its position in shares of Ruby Tuesday by 4.0% in the second quarter. Royce & Associates LP now owns 2,251,947 shares of the company’s stock valued at $8,130,000 after buying an additional 87,000 shares during the period. State Street Corp boosted its position in shares of Ruby Tuesday by 0.9% in the second quarter. State Street Corp now owns 1,216,598 shares of the company’s stock valued at $4,393,000 after buying an additional 10,767 shares during the period. Finally, Greenwood Investments Inc. boosted its position in shares of Ruby Tuesday by 6.0% in the second quarter. Greenwood Investments Inc. now owns 884,296 shares of the company’s stock valued at $3,192,000 after buying an additional 50,000 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.
About Ruby Tuesday
Ruby Tuesday, Inc owns and operates Ruby Tuesday casual dining and Lime Fresh Mexican Grill (Lime Fresh) casual restaurants. The Company also franchises the Ruby Tuesday concept in selected domestic and international markets, and the Lime Fresh concept in selected domestic markets. Its segments include Ruby Tuesday concept and Lime Fresh concept.
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