F Lane Cardwell, Jr. Acquires 50,000 Shares of Ruby Tuesday Inc. (RT) Stock
Ruby Tuesday Inc. (NYSE:RT) CEO F Lane Cardwell, Jr. purchased 50,000 shares of the business’s stock in a transaction on Tuesday, October 11th. The shares were acquired at an average price of $2.75 per share, with a total value of $137,500.00. Following the purchase, the chief executive officer now owns 126,256 shares of the company’s stock, valued at $347,204. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ruby Tuesday Inc. (NYSE:RT) opened at 3.13 on Tuesday. The stock’s 50 day moving average is $2.80 and its 200 day moving average is $3.70. Ruby Tuesday Inc. has a 12-month low of $2.08 and a 12-month high of $5.77. The firm’s market cap is $187.14 million.
Ruby Tuesday (NYSE:RT) last announced its quarterly earnings results on Thursday, October 6th. The company reported ($0.11) EPS for the quarter, meeting 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 had revenue of $256.70 million for the quarter. Equities analysts expect that Ruby Tuesday Inc. will post $0.08 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. raised its position in shares of 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 during the period. BlackRock Fund Advisors raised its position in shares of Ruby Tuesday by 0.6% in the second quarter. BlackRock Fund Advisors now owns 4,037,648 shares of the company’s stock worth $14,576,000 after buying an additional 25,598 shares during the period. Royce & Associates LP raised its position in shares of Ruby Tuesday by 4.0% in the second quarter. Royce & Associates LP now owns 2,251,947 shares of the company’s stock worth $8,130,000 after buying an additional 87,000 shares during the period. State Street Corp raised its position in shares of Ruby Tuesday by 0.9% in the second quarter. State Street Corp now owns 1,216,598 shares of the company’s stock worth $4,393,000 after buying an additional 10,767 shares during the period. Finally, Greenwood Investments Inc. raised its position in shares of Ruby Tuesday by 6.0% in the second quarter. Greenwood Investments Inc. now owns 884,296 shares of the company’s stock worth $3,192,000 after buying an additional 50,000 shares during the period. Institutional investors and hedge funds own 86.30% 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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