Published On: Tue, Sep 13th, 2016

Ruby Tuesday Inc. (RT) Issues Q1 Earnings Guidance

Ruby Tuesday Inc. (NYSE:RT) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of (0.12-0.10) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.01). The company issued revenue guidance of 256.7 million, compared to the consensus revenue estimate of $263.00 million.
Ruby Tuesday Inc. (NYSE:RT) traded down 0.33% during trading on Tuesday, hitting $3.05. 356,002 shares of the company’s stock traded hands. The company’s 50 day moving average is $3.43 and its 200-day moving average is $4.17. Ruby Tuesday Inc. has a 12 month low of $2.94 and a 12 month high of $6.76. The stock’s market cap is $181.01 million.
Ruby Tuesday (NYSE:RT) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by $0.01. The firm had revenue of $279.30 million for the quarter, compared to the consensus estimate of $285 million. Ruby Tuesday had a negative net margin of 4.64% and a positive return on equity of 0.89%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. On average, analysts predict that Ruby Tuesday Inc. will post $0.08 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the stock. Donald Smith & CO. Inc. increased its position in shares of Ruby Tuesday by 22.2% in the second quarter. Donald Smith & CO. Inc. now owns 5,461,572 shares of the company’s stock valued at $19,716,000 after buying an additional 991,735 shares during the period. TFS Capital LLC increased its position in Ruby Tuesday by 207.0% in the second quarter. TFS Capital LLC now owns 156,199 shares of the company’s stock worth $564,000 after buying an additional 105,313 shares during the last quarter. South Dakota Investment Council increased its position in Ruby Tuesday by 68.8% in the second quarter. South Dakota Investment Council now owns 210,100 shares of the company’s stock worth $758,000 after buying an additional 85,600 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Ruby Tuesday during the second quarter worth about $240,000. Finally, A.R.T. Advisors LLC bought a new position in Ruby Tuesday during the second quarter worth about $216,000. 87.64% of the stock is owned by hedge funds and other institutional investors.
About Ruby Tuesday
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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