Insider Buying: Ruby Tuesday Inc. (RT) Insider Purchases 10,000 Shares of Stock
Ruby Tuesday Inc. (NYSE:RT) insider Rhonda J. Parish acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The shares were purchased at an average price of $2.79 per share, with a total value of $27,900.00. Following the completion of the transaction, the insider now owns 48,238 shares of the company’s stock, valued at $134,584.02. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Ruby Tuesday Inc. (NYSE:RT) opened at 2.83 on Friday. The firm’s market capitalization is $169.21 million. Ruby Tuesday Inc. has a 52-week low of $2.08 and a 52-week high of $5.77. The stock’s 50 day moving average is $2.80 and its 200 day moving average is $3.75.
Ruby Tuesday (NYSE:RT) last released its quarterly earnings results on Thursday, October 6th. The company reported ($0.11) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.11). Ruby Tuesday had a negative net margin of 8.07% and a negative return on equity of 0.30%. The business earned $256.70 million during the quarter. On average, equities research analysts forecast that Ruby Tuesday Inc. will post $0.08 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in RT. Donald Smith & CO. Inc. boosted its position in 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 position in Ruby Tuesday during the second quarter worth approximately $2,361,000. Castle Ridge Investment Management LP bought a new position in Ruby Tuesday during the second quarter worth approximately $1,083,000. Alambic Investment Management L.P. boosted its position in 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 position in Ruby Tuesday during the second quarter worth approximately $468,000. 86.81% of the stock is owned by institutional investors and hedge funds.
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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