Ruby Tuesday Inc. (RT) Director Stephen I. Sadove Acquires 18,337 Shares of Stock
Ruby Tuesday Inc. (NYSE:RT) Director Stephen I. Sadove acquired 18,337 shares of the firm’s stock in a transaction on Thursday, October 13th. The stock was purchased at an average price of $2.79 per share, with a total value of $51,160.23. Following the purchase, the director now owns 255,178 shares in the company, valued at approximately $711,946.62. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Ruby Tuesday Inc. (NYSE:RT) opened at 3.15 on Monday. Ruby Tuesday Inc. has a 1-year low of $2.08 and a 1-year high of $5.77. The firm has a 50-day moving average of $2.80 and a 200 day moving average of $3.74. The stock’s market cap is $188.34 million.
Ruby Tuesday (NYSE:RT) last announced its quarterly earnings results on Thursday, October 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The business 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%. Equities research analysts forecast that Ruby Tuesday Inc. will post $0.08 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Ruby Tuesday by 1.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,760 shares of the company’s stock worth $176,000 after buying an additional 480 shares during the period. Prudential Financial Inc. raised its stake in shares of Ruby Tuesday by 3.6% in the first quarter. Prudential Financial Inc. now owns 146,954 shares of the company’s stock worth $791,000 after buying an additional 5,100 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Ruby Tuesday by 0.5% in the first quarter. BlackRock Fund Advisors now owns 4,012,050 shares of the company’s stock worth $21,585,000 after buying an additional 20,659 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ruby Tuesday by 6.1% in the first quarter. JPMorgan Chase & Co. now owns 470,025 shares of the company’s stock worth $2,529,000 after buying an additional 27,150 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of Ruby Tuesday by 1.5% in the first quarter. Royce & Associates LP now owns 2,164,947 shares of the company’s stock worth $11,647,000 after buying an additional 31,816 shares during the last quarter. 86.30% of the stock is currently 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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