Category Archives: Ruby Tuesday

Will new blood pump life into Ruby Tuesday?

Ruby Tuesday’s annual meeting is looking more and more interesting. Hedge fund Carlson

Ruby Tuesday

Ruby Tuesday

Capital recently bought 800,000 RT shares increasing its holdings in the Maryville-based casual dining chain to about 4.4 million shares, or 6.8 percent of shares outstanding.

Earlier this summer Carlson and Becker Drapkin Management announced they had formed a RT shareholder group and would nominate a slate of three independent directors to the company’s board.
Their nominees: BPM founders Steven Becker and Matthew Drapkin and Michael Brodsky, co-CEO of Federated Sports & Gaming, a professional poker league.
Apparently wanting to avoid a possibly messy fight, Ruby Tuesday management quickly named Becker and Drapkin, to a newly expanded Ruby Tuesday board. In return, BPM agreed to withdraw its nominations.
Ruby Tuesday has stumbled a bit coming out of the Great Recession. Some new blood in the board room could be interesting.

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Blowing up Ruby Tuesday

You never know what will show up when surfing the Web. Here’s a link from Forbes that I had to
restaurant03.SY%2311158.jpgshare.

Among other things, the blogger comments on an off-the-wall marketing campaign for Maryville-based restaurant chain Ruby Tuesday.

If you like implosions, you will love the video.

Have fun.

Disruptors: BooneOakley’s Bush/Gore Posters And A “Botched” Ruby Tuesday Demolition

Ruby Tuesday needs a good cup of coffee

 

Restaurant chain Ruby Tuesday Inc.’s stock price slumped to a 52-week low today – $8.54. The

Ruby Tuesday

Ruby Tuesday

high $15.57 – came back in January and the Maryville-based company has been shedding value ever since.

Maybe RT should cut a deal with Green Mountain Coffee Roasters Inc. Investors are in love with the ruby2.co%237728.jpgmaker of the Keurig Single-Cup Brewing system.

Shares of GMCR which has large distribution and roasting plant in Knox County, continued their upward march today, surging above $110.

 

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Ruby Tuesday gets no love from The Street.com

 

Ruby Tuesday

Ruby Tuesday

Maryville-based Ruby Tuesday Inc. is among 14 restaurant stocks on The Street.com’s risky list published today.

“Ruby Tuesday’s Z-Score has held steady at 2.57 for several years now, indicating the casual restaurant chain remains on stable-yet-shaky ground, unable to move the needle higher,” Street says.

 

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Increased business travel could boost Ruby Tuesday

 

Ruby Tuesday’s stock price has been on a downward spiral since the first of the year as the recovery has slowed and higher gasoline prices have taken a bite out of consumer budgets.

Ruby Tuesday

Ruby Tuesday

But there is reason to expect better times ahead for the Maryville, Tenn.-based company.

“Chains like The Cheesecake Factory Inc., Cracker Barrel Old Country Store Inc. and Ruby Tuesday Inc. could benefit from the return of business travel,” the Associated Press reported today, citing two Keybanc analysts.

 

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Ruby Tuesday shares hit 52-week high

 

Ruby Tuesday

Ruby Tuesday

Ruby Tuesday shares hit a 52-week high on the first day of 2011 trading after Morgan Keegan analyst Robert M. Derrington boosted his rating for the Maryville based restaurant chain.

In early afternoon trading, Ruby Tuesday shares were up more than 6 percent to $13.88. Earlier in the day the stock hit a high of $14.25.

 

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Ruby Tuesday gets lovin’ from Businessweek

 

Ruby Tuesday

Ruby Tuesday

Bloomberg Businessweek showed the love this week to Maryville-based restaurant chain Ruby Tuesday.

A feature story on the national business news website, takes a look at how the company is hoping to jumpstart growth with “forays into Mexican, barbecue, and seafood dining …”

Here’s the full story: Ruby Tuesday Bets on New Chains to Spark Growth

And previous Ruby Tuesday coverage by News Sentinel reporter Carly Harrington:

Ruby Tuesday on offense

Ruby Tuesday to open up to 200 Mexican eateries

Photo: News Sentinel archives

 

Is the U.K. ready for Ruby Tuesday?

Maryville-based Ruby Tuesday and two other American restaurant chains — Taco Bell and Chipotle Mexican Grill — recently entered the British market for the first time.

All three are expected to open multiple locations in the U.K., but they could face tough sledding, according to a report in The Independent, a London newspaper and website.

“However, success is not assured. Pizza Hut and KFC, which are also owned by Yum Brands, and McDonald’s have found the UK a welcome home, but some big hitters from across the pond have retreated with their tails between their legs,” The Independent story says.

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