Ruby Tuesday Inc. (RT) Issues Quarterly Earnings Results
Ruby Tuesday Inc. (NYSE:RT) announced its quarterly earnings data on Thursday. The company reported ($0.11) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.11). The firm earned $256.70 million during the quarter, compared to analysts’ expectations of $377.94 million. Ruby Tuesday had a positive return on equity of 0.89% and a negative net margin of 4.64%.
Ruby Tuesday (NYSE:RT) opened at 2.51 on Friday. Ruby Tuesday has a one year low of $2.38 and a one year high of $6.00. The firm’s market capitalization is $148.96 million. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $3.83.
A number of institutional investors have recently made changes to their positions in RT. Thrivent Financial for Lutherans raised its position in shares of Ruby Tuesday by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 28,930 shares of the company’s stock worth $104,000 after buying an additional 460 shares during the last quarter. KCG Holdings Inc. bought a new stake in Ruby Tuesday during the second quarter worth approximately $106,000. GSA Capital Partners LLP bought a new stake in Ruby Tuesday during the second quarter worth approximately $136,000. Wedge Capital Management L L P NC increased its stake in Ruby Tuesday by 41.4% in the second quarter. Wedge Capital Management L L P NC now owns 46,926 shares of the company’s stock worth $169,000 after buying an additional 13,732 shares during the period. Finally, Arizona State Retirement System increased its stake in Ruby Tuesday by 3.2% in the first quarter. Arizona State Retirement System now owns 31,805 shares of the company’s stock worth $171,000 after buying an additional 1,000 shares during the period. Institutional investors own 86.81% of the company’s stock.
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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