Revenue Update on Ruby Tuesday(NYSE:RT)

Ruby Tuesday(NYSE:RT) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Oct 6, 2016. Company reported revenue of $256.66M. Analysts estimated a revenue of $263.00M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.01.

Ruby Tuesday (RT) made into the market gainers list on Fridays trading session with the shares advancing 11.31% or 0.32 points. Due to strong positive momentum, the stock ended at $3.15, which is also near the day’s high of $3.2. The stock began the session at $3 and the volume stood at 23,01,015 shares. The 52-week high of the shares is $5.77 and the 52 week low is $2.08. The company has a current market capitalization of $190 M and it has 6,01,96,759 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 26, 2016, Franklin E Jr Southall (VP, Corporate Controller) sold 1,130 shares at $5.46 per share price.Also, On Jan 15, 2016, James J Buettgen (President & Chief Exec Officer) purchased 20,000 shares at $5.09 per share price.On Jan 14, 2016, Kevin T Clayton (director) purchased 30,000 shares at $5.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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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