Ruby Tuesday, Inc. (RT) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS
Ruby Tuesday, Inc. (NYSE:RT) posted its earnings results on Monday. The restaurant operator reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.07, Morningstar.com reports. The business had revenue of $254.86 million during the quarter. Ruby Tuesday had a negative return on equity of 4.25% and a negative net margin of 12.81%.
Ruby Tuesday (NYSE RT) traded up 12.3478% during trading on Tuesday, hitting $2.0672. 235,440 shares of the stock traded hands. The company’s market cap is $124.57 million. The firm has a 50-day moving average price of $2.02 and a 200 day moving average price of $2.21. Ruby Tuesday has a 52-week low of $1.69 and a 52-week high of $3.68.
Several large investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans raised its stake in Ruby Tuesday by 7.3% in the first quarter. Thrivent Financial For Lutherans now owns 35,460 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 2,420 shares during the last quarter. Marquette Asset Management Inc. raised its stake in Ruby Tuesday by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 54,365 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 4,707 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in Ruby Tuesday during the second quarter valued at approximately $126,000. Nine Chapters Capital Management LLC acquired a new stake in Ruby Tuesday during the first quarter valued at approximately $141,000. Finally, SG Americas Securities LLC acquired a new stake in Ruby Tuesday during the second quarter valued at approximately $143,000. 77.37% of the stock is owned by hedge funds and other institutional investors.
Ruby Tuesday Company Profile
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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