Ruby Tuesday Inc. (RT) Sees Unusually-High Trading Volume on Insider Buying Activity
Shares of Ruby Tuesday Inc. (NYSE:RT) saw an uptick in trading volume on Friday following insider buying activity. 1,278,309 shares changed hands during trading, an increase of 9% from the previous session’s volume of 1,177,622 shares.The stock last traded at $3.18 and had previously closed at $2.83.
Specifically, Director Donald E. Hess purchased 120,300 shares of the company’s stock in a transaction dated Tuesday, October 11th. The shares were acquired at an average cost of $2.70 per share, with a total value of $324,810.00. Following the completion of the purchase, the director now owns 141,195 shares of the company’s stock, valued at approximately $381,226.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen I. Sadove purchased 18,337 shares of the company’s stock in a transaction dated Thursday, October 13th. The stock was bought at an average cost of $2.79 per share, for a total transaction of $51,160.23. Following the completion of the purchase, the director now directly owns 255,178 shares of the company’s stock, valued at approximately $711,946.62. The disclosure for this purchase can be found here. 4.80% of the stock is currently owned by insiders.
The firm has a 50-day moving average price of $2.80 and a 200-day moving average price of $3.74. The company’s market cap is $188.34 million.
Ruby Tuesday (NYSE:RT) last posted its earnings results on Thursday, October 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Ruby Tuesday had a negative return on equity of 0.30% and a negative net margin of 8.07%. The company had revenue of $256.70 million for the quarter. On average, analysts predict that Ruby Tuesday Inc. will post $0.08 EPS for the current fiscal year.
Several large investors have recently modified their holdings of RT. Thrivent Financial for Lutherans raised its stake 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. acquired a new stake in shares of Ruby Tuesday during the second quarter worth $106,000. GSA Capital Partners LLP acquired a new stake in shares of Ruby Tuesday during the second quarter worth $136,000. Wedge Capital Management L L P NC raised its stake in shares of 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 last quarter. Finally, Ancora Advisors LLC raised its stake in shares of Ruby Tuesday by 9.0% in the second quarter. Ancora Advisors LLC now owns 48,500 shares of the company’s stock worth $175,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
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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