An issue of Ruby Tuesday, Inc. (NYSE:RT) debt rose 0.9% as a percentage of its face value during trading on Thursday. The high-yield issue of debt has a 7.625% coupon and will mature on May 15, 2020. The bonds in the issue are now trading at $100.13 and were trading at $97.75 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.

Ruby Tuesday, Inc. (NYSE RT) opened at 2.05 on Friday. The firm’s market capitalization is $123.11 million. Ruby Tuesday, Inc. has a 12-month low of $1.69 and a 12-month high of $3.68. The firm has a 50 day moving average of $2.02 and a 200 day moving average of $2.21.

Ruby Tuesday (NYSE:RT) last announced its quarterly earnings results on Monday, August 21st. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $254.86 million for the quarter. Ruby Tuesday had a negative net margin of 11.15% and a negative return on equity of 5.30%. On average, analysts forecast that Ruby Tuesday, Inc. will post $0.08 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in RT. Nine Chapters Capital Management LLC acquired a new position in shares of Ruby Tuesday during the first quarter worth about $141,000. Principal Financial Group Inc. increased its position in shares of Ruby Tuesday by 1.7% in the first quarter. Principal Financial Group Inc. now owns 460,417 shares of the restaurant operator’s stock worth $1,294,000 after buying an additional 7,790 shares during the last quarter. State Street Corp increased its position in shares of Ruby Tuesday by 7.2% in the fourth quarter. State Street Corp now owns 1,344,196 shares of the restaurant operator’s stock worth $4,343,000 after buying an additional 90,673 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Ruby Tuesday by 53.7% in the first quarter. OppenheimerFunds Inc. now owns 309,607 shares of the restaurant operator’s stock worth $870,000 after buying an additional 108,156 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ruby Tuesday by 5.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 75,870 shares of the restaurant operator’s stock worth $213,000 after buying an additional 4,200 shares during the last quarter. 77.37% of the stock is currently owned by hedge funds and other institutional investors.

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About Ruby Tuesday

Ruby Tuesday, Inc owns and operates Ruby Tuesday casual dining and Lime Fresh Mexican Grill (Lime Fresh) casual restaurants. The Company also franchises the Ruby Tuesday concept in selected domestic and international markets, and the Lime Fresh concept in selected domestic markets. Its segments include Ruby Tuesday concept and Lime Fresh concept.

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