Ruby Tuesday executives are cashing in on the restaurant company’s recent success.
CEO and Chairman Sandy Beall last week sold about 101,000 shares for nearly $1.5M, his second million-dollar plus sale since October.
Other corporate officers, including Executive Vice President Kimberly Grant and Senior Vice President Nickolas Ibrahim, also have sold sizable chunks of the Maryville-based company’s stock within the past week.
Earlier this month, RT’s shares hit a 52-week high of $15.57 and the company reported a ten-fold increase in its quarterly profit.
Looks like the exec’s timing was pretty good, a year ago the stock price was under $7.
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Photo: Chairman and CEO Sandy Beall at Ruby Tuesday’s annual meeting on Oct. 6, 2010. (J. Miles Cary/ News Sentinel)