Trading Report: Today, Ruby Tuesday Inc. (RT) CEO F Lane Cardwell, Jr. Acquires 50,000 Shares

Today, Ruby Tuesday Inc. (RT) CEO F Lane Cardwell, Jr. Acquires 50,000 Shares

Ruby Tuesday Inc. (NYSE:RT) CEO F Lane Cardwell, Jr. bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 11th. The stock was acquired at an average price of $2.75 per share, with a total value of $137,500.00. Following the completion of the purchase, the chief executive officer now directly owns 126,256 shares of the company’s stock, valued at approximately $347,204. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ruby Tuesday Inc. (NYSE:RT) opened at 3.15 on Monday. The firm’s market capitalization is $188.34 million. The company has a 50-day moving average price of $2.80 and a 200 day moving average price of $3.74. Ruby Tuesday Inc. has a 1-year low of $2.08 and a 1-year high of $5.77.

Ruby Tuesday (NYSE:RT) last released its quarterly earnings data on Thursday, October 6th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The business earned $256.70 million during the quarter. Ruby Tuesday had a negative return on equity of 0.30% and a negative net margin of 8.07%. Equities analysts anticipate that Ruby Tuesday Inc. will post $0.08 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. 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 worth $104,000 after buying an additional 460 shares during the last quarter. KCG Holdings Inc. acquired a new stake in Ruby Tuesday during the second quarter worth about $106,000. GSA Capital Partners LLP acquired a new stake in Ruby Tuesday during the second quarter worth about $136,000. Wedge Capital Management L L P NC raised its stake in 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 during the last quarter. Finally, Ancora Advisors LLC raised its stake in Ruby Tuesday by 9.0% in the second quarter. Ancora Advisors LLC now owns 48,500 shares of the company’s stock worth $175,000 after buying an additional 4,000 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Ruby Tuesday Company Profile

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