Insider Buying: Ruby Tuesday Inc. (RT) Director Acquires $324,810.00 in Stock
Ruby Tuesday Inc. (NYSE:RT) Director Donald E. Hess purchased 120,300 shares of the firm’s stock in a transaction on 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 acquisition, the director now directly owns 141,195 shares in the company, valued at $381,226.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Ruby Tuesday Inc. (NYSE:RT) opened at 3.10 on Wednesday. Ruby Tuesday Inc. has a one year low of $2.08 and a one year high of $5.77. The firm’s 50-day moving average price is $2.80 and its 200-day moving average price is $3.68. The stock’s market capitalization is $185.35 million.
Ruby Tuesday (NYSE:RT) last issued its quarterly earnings results on Thursday, October 6th. The company reported ($0.11) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.11). The company 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 research analysts anticipate that Ruby Tuesday Inc. will post $0.08 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Ruby Tuesday during the second quarter valued at $406,000. Royce & Associates LP increased its stake in 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 last quarter. GSA Capital Partners LLP purchased a new stake in Ruby Tuesday during the second quarter worth approximately $136,000. Geode Capital Management LLC increased its stake in Ruby Tuesday by 0.7% in the first quarter. Geode Capital Management LLC now owns 398,777 shares of the company’s stock worth $2,145,000 after buying an additional 2,955 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Ruby Tuesday by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 45,262 shares of the company’s stock worth $244,000 after buying an additional 165 shares during the last quarter. Institutional investors 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.
Receive News & Ratings for Ruby Tuesday Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ruby Tuesday Inc. and related companies with MarketBeat.com's FREE daily email newsletter.