Ruby Tuesday Inc. (RT) Posts Earnings Results, Hits Estimates
Ruby Tuesday Inc. (NYSE:RT) issued its earnings results on Thursday. The company reported ($0.11) earnings per share for the quarter, meeting the 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.
Ruby Tuesday (NYSE:RT) opened at 2.34 on Monday. The firm’s market capitalization is $138.87 million. Ruby Tuesday has a 52-week low of $2.08 and a 52-week high of $5.88. The firm has a 50-day moving average of $2.83 and a 200-day moving average of $3.81.
A number of hedge funds have recently made changes to their positions in RT. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Ruby Tuesday during the second quarter worth approximately $406,000. 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 valued at $8,130,000 after buying an additional 87,000 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Ruby Tuesday by 0.7% in the first quarter. Geode Capital Management LLC now owns 398,777 shares of the company’s stock valued at $2,145,000 after buying an additional 2,955 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Ruby Tuesday by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 45,262 shares of the company’s stock valued at $244,000 after buying an additional 165 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Ruby Tuesday during the second quarter valued at $136,000. Hedge funds and other institutional investors own 86.81% 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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