Ruby Tuesday (RT) : Greenwood Investments reduced its stake in Ruby Tuesday by 44.05% during the most recent quarter end. The investment management company now holds a total of 834,296 shares of Ruby Tuesday which is valued at $3.6 Million after selling 656,956 shares in Ruby Tuesday , the firm said in a disclosure report filed with the SEC on May 13, 2016.Ruby Tuesday makes up approximately 5.98% of Greenwood Investments’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in RT in the latest quarter, The investment management firm added 5,266 additional shares and now holds a total of 56,714 shares of Ruby Tuesday which is valued at $247,840.Norges Bank boosted its stake in RT in the latest quarter, The investment management firm added 44,599 additional shares and now holds a total of 365,646 shares of Ruby Tuesday which is valued at $1.6 Million.Donald Smith reduced its stake in RT by selling 796,756 shares or 15.13% in the most recent quarter. The Hedge Fund company now holds 4,469,837 shares of RT which is valued at $20 Million. Ruby Tuesday makes up approx 0.52% of Donald Smith’s portfolio.
Ruby Tuesday opened for trading at $3.91 and hit $3.98 on the upside on Wednesday, eventually ending the session at $3.97, with a gain of 1.53% or 0.06 points. The heightened volatility saw the trading volume jump to 3,29,130 shares. Company has a market cap of $239 M.
On the company’s financial health, Ruby Tuesday reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 7, 2016. Analyst had a consensus of $0.05. The company had revenue of $271.50 million for the quarter, compared to analysts expectations of $284.14 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.
Many Wall Street Analysts have commented on Ruby Tuesday. Ruby Tuesday was Initiated by Sidoti to “Neutral” on Feb 18, 2016.
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. The Lime Fresh segment offers food and beverages under the Lime Fresh brand. The Company owns and operates approximately 668 Ruby Tuesday restaurants and franchises more than 79 restaurants. Ruby Tuesday restaurants are present in 45 states the District of Columbia 12 foreign countries and Guam. The Company also owns operates and franchises the Lime Fresh fast casual restaurant concept. There are more than 20 Company-owned and operated Lime Fresh restaurants and six Lime Fresh restaurants operated by domestic franchisees. The Company also operates the Ruby Tuesday Center for Leadership Excellence located in Maryville Tennessee Restaurant Support Services Center.