Ruby Tuesday, Inc. ( RT ) was a big mover last session, as the company saw its shares rise roughly 11% on the day. Shares moved up after the company reported encouraging results for fiscal fourth quarter 2015 and provided a strong guidance for fiscal 2016. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.15 to $6.66 in the past one-month time frame.
None of the estimates for this restaurateur were revised over the past 30 days. However, the Zacks Consensus Estimate moved up over the same time frame, suggesting that more solid trading could be ahead for Ruby Tuesday. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.
Ruby Tuesday has a Zacks Rank #2 (Buy).
Investors interested in the space can also consider Dave & Buster's Entertainment, Inc. ( PLAY ), sporting a Zacks Rank #1 (Strong Buy).
Is RT going up? Or down? Predict to see what others think: Up or Down
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RUBY TUESDAY (RT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
