Donald Smith & Co, Inc stated that they own 10.1% of Ruby Tuesday Inc. (NYSE:RT) in a Schedule 13G/A disclosure that was filed with the SEC on Friday, September 23rd. The investor owns 6,046,831 shares of the stock worth $16,689,254. The reporting parties listed on the disclosure included Donald Smith & Co, Inc and Donald Smith Long/Short Equities Fund, LP. The disclosure is available through EDGAR at this link.
Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Ruby Tuesday by 3.8% in the second quarter. Royal Bank of Canada now owns 63,835 shares of the company’s stock worth $230,000 after buying an additional 2,335 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Ruby Tuesday by 7.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 681,888 shares of the company’s stock worth $2,462,000 after buying an additional 46,579 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake 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 in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Ruby Tuesday during the second quarter worth about $240,000. Finally, AQR Capital Management LLC boosted its stake in shares of Ruby Tuesday by 13.0% in the second quarter. AQR Capital Management LLC now owns 113,407 shares of the company’s stock worth $409,000 after buying an additional 13,048 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ruby Tuesday Inc. (NYSE:RT) traded down 0.36% during midday trading on Friday, reaching $2.75. 659,114 shares of the company were exchanged. Ruby Tuesday Inc. has a 52-week low of $2.54 and a 52-week high of $6.76. The company’s market capitalization is $163.20 million. The stock has a 50-day moving average price of $3.14 and a 200 day moving average price of $4.03.
Ruby Tuesday (NYSE:RT) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. Ruby Tuesday had a negative net margin of 4.64% and a positive return on equity of 0.89%. The business earned $279.30 million during the quarter, compared to the consensus estimate of $285 million. During the same period in the previous year, the business posted $0.10 earnings per share. Ruby Tuesday’s revenue was down 5.9% compared to the same quarter last year. Equities research analysts expect that Ruby Tuesday Inc. will post $0.08 EPS for the current fiscal year.
Ruby Tuesday Company Profile
Ruby Tuesday, Inc, owns, operates and franchises the Ruby Tuesday casual dining restaurant chain and operates in the bar and grill segment of the casual dining industry. The Company operates through Ruby Tuesday and Lime Fresh segments. The Ruby Tuesday segment offers food and beverages under the Ruby Tuesday brand.
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