Seeking Alpha

Analysis: Weak sales trends for Ruby Tuesday

  • Wunderlich Securities reduces its estimates for Ruby Tuesday's (RT +1.3%) FQ3 same-store sales due to the chain's exposure to weather-impacted regions.
  • The firm is also trimming FQ4 SSS numbers on concerns of heightened competition in the sector.
  • Shares are rated Hold with a lowered price target of $6.00.
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