Wells Fargo & Co. Starts Stock Coverage on Ruby Tuesday (RT)

By admin | 6 years ago

Investment analysts at Wells Fargo & Co. (NYSE: WFC) assumed coverage on shares of Ruby Tuesday (NYSE: RT) in a note issued to investors on Friday. The firm set an “outperform” rating on the stock.

Shares of Ruby Tuesday traded down 1.68% during mid-day trading on Friday, hitting $7.01. Ruby Tuesday has a 52 week low of $6.35 and a 52 week high of $11.33. The company has a market cap of $447.2 million and a P/E ratio of 23.53.

Ruby Tuesday last announced its earnings results on Wednesday, April 4th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.02. Ruby Tuesday’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Ruby Tuesday will post $0.08 earnings per share next quarter.

Separately, analysts at Raymond James (NYSE: RJF) upgraded shares of Ruby Tuesday from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, March 21st.

Ruby Tuesday, Inc., including its wholly owned subsidiaries (RTI) owns and operates Ruby Tuesday casual dining restaurants.

About the author