Ruby Tuesday Inc. (RT) CEO Buys $137,500.00 in Stock
Ruby Tuesday Inc. (NYSE:RT) CEO F Lane Cardwell, Jr. purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were purchased at an average price of $2.75 per share, for a total transaction of $137,500.00. Following the purchase, the chief executive officer now owns 126,256 shares of the company’s stock, valued at approximately $347,204. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Ruby Tuesday Inc. (NYSE:RT) opened at 2.83 on Friday. The company’s market cap is $169.21 million. Ruby Tuesday Inc. has a 12 month low of $2.08 and a 12 month high of $5.77. The company’s 50-day moving average price is $2.80 and its 200-day moving average price is $3.75.
Ruby Tuesday (NYSE:RT) last released its quarterly earnings data on Thursday, October 6th. The company reported ($0.11) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The company had revenue of $256.70 million for the quarter. Ruby Tuesday had a negative return on equity of 0.30% and a negative net margin of 8.07%. Equities analysts forecast that Ruby Tuesday Inc. will post $0.08 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in RT. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Ruby Tuesday during the second quarter worth $406,000. Royce & Associates LP raised 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. Geode Capital Management LLC raised its position in shares of Ruby Tuesday by 0.7% in the first quarter. Geode Capital Management LLC now owns 398,777 shares of the company’s stock valued at $2,145,000 after buying an additional 2,955 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Ruby Tuesday during the second quarter valued at approximately $136,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Ruby Tuesday by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 45,262 shares of the company’s stock valued at $244,000 after buying an additional 165 shares during the period. 86.81% of the stock is currently owned by institutional investors.
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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