Ruby Tuesday Inc. (RT) CFO Buys $20,250.00 in Stock
Ruby Tuesday Inc. (NYSE:RT) CFO Linda Sue Briley purchased 7,500 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The stock was purchased at an average cost of $2.70 per share, with a total value of $20,250.00. Following the acquisition, the chief financial officer now directly owns 35,287 shares in the company, valued at $95,274.90. The transaction 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. The stock has a 50 day moving average of $2.80 and a 200 day moving average of $3.75. Ruby Tuesday Inc. has a one year low of $2.08 and a one year high of $5.77. The firm’s market cap is $169.21 million.
Ruby Tuesday (NYSE:RT) last issued its earnings results on Thursday, October 6th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates 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. Equities research analysts predict that Ruby Tuesday Inc. will post $0.08 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the stock. Donald Smith & CO. Inc. raised its stake 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 worth $19,716,000 after buying an additional 991,735 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ruby Tuesday during the second quarter worth $2,361,000. Castle Ridge Investment Management LP bought a new stake in shares of Ruby Tuesday during the second quarter worth $1,083,000. Alambic Investment Management L.P. raised its stake in shares of Ruby Tuesday by 78.7% in the second quarter. Alambic Investment Management L.P. now owns 372,222 shares of the company’s stock worth $1,344,000 after buying an additional 163,973 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Ruby Tuesday during the second quarter worth $468,000. 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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