Ruby Tuesday Inc. (NYSE:RT) posted its earnings results on Thursday. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). Ruby Tuesday had a negative net margin of 4.64% and a positive return on equity of 0.89%. The business earned $256.70 million during the quarter, compared to the consensus estimate of $377.94 million.
Shares of Ruby Tuesday (NYSE:RT) opened at 2.51 on Friday. Ruby Tuesday has a 52-week low of $2.38 and a 52-week high of $6.00. The company’s market cap is $148.96 million. The firm has a 50-day moving average of $2.85 and a 200-day moving average of $3.83.
A number of hedge funds have recently added to or reduced their stakes in RT. Thrivent Financial for Lutherans raised its stake in Ruby Tuesday by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 28,930 shares of the company’s stock valued at $104,000 after buying an additional 460 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of Ruby Tuesday during the second quarter valued at about $106,000. GSA Capital Partners LLP bought a new stake in shares of Ruby Tuesday during the second quarter valued at about $136,000. Wedge Capital Management L L P NC raised 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 valued at $169,000 after buying an additional 13,732 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Ruby Tuesday by 3.2% in the first quarter. Arizona State Retirement System now owns 31,805 shares of the company’s stock valued at $171,000 after buying an additional 1,000 shares during the period. Institutional investors own 86.81% 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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