Ruby Tuesday (NYSE:RT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday, American Banking News.com reports. The firm currently has a $7.30 price target on the stock. Zacks‘ price objective would indicate a potential upside of 2.67% from the company’s current price.
A number of other analysts have also recently weighed in on RT. Analysts at TheStreet downgraded shares of Ruby Tuesday to a “sell” rating in a research note to investors on Wednesday, November 13th. Separately, analysts at B. Riley downgraded shares of Ruby Tuesday from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 28th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Ruby Tuesday from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 21st. Four investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $7.33.
Shares of Ruby Tuesday (NYSE:RT) traded down 3.80% during mid-day trading on Wednesday, hitting $6.84. The stock had a trading volume of 578,282 shares. Ruby Tuesday has a one year low of $5.40 and a one year high of $9.90. The stock has a 50-day moving average of $6.41 and a 200-day moving average of $7.68. The company’s market cap is $411.3 million.
Ruby Tuesday (NYSE:RT) last announced its earnings results on Wednesday, October 9th. The company reported ($0.36) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.31. The company had revenue of $289.67 million for the quarter, compared to the consensus estimate of $298.60 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. Analysts expect that Ruby Tuesday will post $-0.54 EPS for the current fiscal year.
Ruby Tuesday, Inc, including its wholly-owned subsidiaries, owns and operates Ruby Tuesday, Lime Fresh Mexican, GrillMarlin & Ray’s, and Wok Hay casual dining restaurants.
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