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.
You never know what will show up when surfing the Web. Here’s a link from Forbes that I had to
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.
Restaurant chain Ruby Tuesday Inc.’s stock price slumped to a 52-week low today – $8.54. The
high $15.57 – came back in January and the Maryville-based company has been shedding value ever since.
Shares of GMCR which has large distribution and roasting plant in Knox County, continued their upward march today, surging above $110.
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.
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.
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.
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.
Following last week’s strong financial report, Maryville, Tenn.–based restaurant chain Ruby Tuesday Inc. drew kudos on Tuesday from Zacks Investment Research.
Zacks boosted Ruby Tuesday shares to a “Strong Buy” rating.
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.
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:
Photo: News Sentinel archives
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.