Los Angeles Capital Management & Equity Research Inc. decreased its stake in Ruby Tuesday Inc. (NYSE:RT) by 15.3% during the second quarter, Holdings Channel reports. The firm owned 27,735 shares of the company’s stock after selling 5,025 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Ruby Tuesday were worth $100,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ruby Tuesday during the second quarter worth $2,361,000. Emerald Acquisition Ltd. bought a new stake in shares of Ruby Tuesday during the second quarter worth $468,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Ruby Tuesday during the second quarter worth $406,000. Royce & Associates LP boosted its stake 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 worth $8,130,000 after buying an additional 87,000 shares during the period. Finally, Menta Capital LLC bought a new stake in shares of Ruby Tuesday during the first quarter worth $254,000. 86.81% of the stock is owned by institutional investors and hedge funds.
Ruby Tuesday Inc. (NYSE:RT) traded down 1.60% on Monday, reaching $2.46. 270,782 shares of the company’s stock were exchanged. Ruby Tuesday Inc. has a 1-year low of $2.44 and a 1-year high of $6.76. The stock’s 50 day moving average price is $2.94 and its 200 day moving average price is $3.91. The firm’s market capitalization is $145.99 million.
Ruby Tuesday (NYSE:RT) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. Ruby Tuesday had a positive return on equity of 0.89% and a negative net margin of 4.64%. The business earned $279.30 million during the quarter, compared to analyst estimates of $285 million. During the same period in the previous year, the company earned $0.10 EPS. Ruby Tuesday’s revenue was down 5.9% on a year-over-year basis. On average, analysts expect that Ruby Tuesday Inc. will post $0.08 earnings per share for the current year.
About Ruby Tuesday
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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