Ruby Tuesday Inc. (NYSE:RT) Director Stephen I. Sadove purchased 18,337 shares of the business’s stock in a transaction dated Thursday, October 13th. The shares were acquired at an average cost of $2.79 per share, for a total transaction of $51,160.23. Following the acquisition, the director now owns 255,178 shares of the company’s stock, valued at approximately $711,946.62. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Ruby Tuesday Inc. (NYSE:RT) opened at 3.13 on Tuesday. The stock’s 50 day moving average price is $2.80 and its 200-day moving average price is $3.70. The company’s market cap is $187.14 million. Ruby Tuesday Inc. has a 12-month low of $2.08 and a 12-month high of $5.77.
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). The firm had revenue of $256.70 million for the quarter. Ruby Tuesday had a negative net margin of 8.07% and a negative return on equity of 0.30%. On average, equities research analysts forecast that Ruby Tuesday Inc. will post $0.08 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Ruby Tuesday during the second quarter valued at $406,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Ruby Tuesday during the second quarter valued at $2,361,000. GSA Capital Partners LLP purchased a new stake in shares of Ruby Tuesday during the second quarter valued at $136,000. Emerald Acquisition Ltd. purchased a new stake in shares of Ruby Tuesday during the second quarter valued at $468,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Ruby Tuesday by 2.9% in the second quarter. Mutual of America Capital Management LLC now owns 487,388 shares of the company’s stock valued at $1,759,000 after buying an additional 13,559 shares in the last quarter. 86.30% of the stock is currently 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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