Donald E. Hess Purchases 120,300 Shares of Ruby Tuesday Inc. (RT) Stock
Ruby Tuesday Inc. (NYSE:RT) Director Donald E. Hess purchased 120,300 shares of Ruby Tuesday stock in a transaction dated Tuesday, October 11th. The shares were bought at an average price of $2.70 per share, with a total value of $324,810.00. Following the completion of the acquisition, the director now directly owns 141,195 shares of the company’s stock, valued at $381,226.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ruby Tuesday Inc. (NYSE:RT) opened at 3.13 on Tuesday. The company’s market capitalization is $187.14 million. The stock’s 50 day moving average price is $2.80 and its 200 day moving average price is $3.70. Ruby Tuesday Inc. has a one year low of $2.08 and a one year high of $5.77.
Ruby Tuesday (NYSE:RT) last announced its earnings results on Thursday, October 6th. The company reported ($0.11) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The firm earned $256.70 million during the quarter. Ruby Tuesday had a negative return on equity of 0.30% and a negative net margin of 8.07%. Equities analysts anticipate that Ruby Tuesday Inc. will post $0.08 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted 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 period. KCG Holdings Inc. bought a new position in shares of Ruby Tuesday during the second quarter worth approximately $106,000. GSA Capital Partners LLP bought a new position in shares of Ruby Tuesday during the second quarter worth approximately $136,000. Wedge Capital Management L L P NC boosted its position 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 period. Finally, Ancora Advisors LLC boosted its position 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 period. Hedge funds and other institutional investors own 86.30% 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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