Engaged Capital adds Ruby Tuesday (RT) to its portfolio

Ruby Tuesday (RT) : Engaged Capital added new position in Ruby Tuesday during the most recent quarter end. The investment management firm now holds 2,022,973 shares of Ruby Tuesday which is valued at $6,331,905 , the company said in a statement filed on Nov 14, 2016 with the SEC.Ruby Tuesday makes up approximately 2.32% of Engaged Capital’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments boosted its stake in RT in the latest quarter, The investment management firm added 367 additional shares and now holds a total of 7,646 shares of Ruby Tuesday which is valued at $23,932.Citadel Advisors reduced its stake in RT by selling 37,959 shares or 23.15% in the most recent quarter. The Hedge Fund company now holds 126,039 shares of RT which is valued at $370,555.Geode Capital Management reduced its stake in RT by selling 771 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 406,500 shares of RT which is valued at $1,195,110.Blackrock Group Ltd boosted its stake in RT in the latest quarter, The investment management firm added 4,197 additional shares and now holds a total of 65,007 shares of Ruby Tuesday which is valued at $176,169.

Ruby Tuesday closed down -0.03 points or -0.95% at $3.14 with 2,83,978 shares getting traded on Monday. Post opening the session at $3.15, the shares hit an intraday low of $3.1 and an intraday high of $3.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Ruby Tuesday reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 11, 2016. Analyst had a consensus of $0.11. The company had revenue of $279.32 million for the quarter, compared to analysts expectations of $285.00 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.

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.

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