Shares of Ruby Tuesday, Inc. (NYSE:RT) were up 14.7% on Tuesday . The company traded as high as $2.15 and last traded at $2.11, with a volume of 858,642 shares traded. The stock had previously closed at $1.84.

The firm has a 50 day moving average price of $2.02 and a 200 day moving average price of $2.21. The company’s market capitalization is $122.93 million.

Ruby Tuesday (NYSE:RT) last issued its earnings results on Monday, August 21st. The restaurant operator reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.07. The business had revenue of $254.86 million for the quarter. Ruby Tuesday had a negative return on equity of 4.25% and a negative net margin of 12.81%. On average, equities research analysts anticipate that Ruby Tuesday, Inc. will post $0.08 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. increased its position in shares of Ruby Tuesday by 0.3% in the first quarter. Prudential Financial Inc. now owns 101,474 shares of the restaurant operator’s stock valued at $285,000 after buying an additional 300 shares during the last quarter. Comerica Bank increased its position in shares of Ruby Tuesday by 4.3% in the first quarter. Comerica Bank now owns 57,012 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 2,332 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Ruby Tuesday by 7.3% in the first quarter. Thrivent Financial For Lutherans now owns 35,460 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 2,420 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ruby Tuesday by 5.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 75,870 shares of the restaurant operator’s stock valued at $213,000 after buying an additional 4,200 shares during the last quarter. Finally, Marquette Asset Management Inc. increased its position in shares of Ruby Tuesday by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 54,365 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 4,707 shares during the last quarter. 77.37% of the stock is owned by hedge funds and other institutional investors.

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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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