Luby’s Inc. (LUB) Shares Down 5.3%
Luby’s Inc. (NYSE:LUB)’s share price was down 5.3% on Friday . The stock traded as low as $4.70 and last traded at $4.78, with a volume of 100,495 shares trading hands. The stock had previously closed at $5.05.
The company’s market capitalization is $137.08 million. The firm’s 50-day moving average is $4.91 and its 200-day moving average is $4.74.
Luby’s (NYSE:LUB) last released its earnings results on Wednesday, April 13th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $92 million for the quarter, compared to the consensus estimate of $91 million. Equities analysts predict that Luby’s Inc. will post ($0.07) EPS for the current fiscal year.
A hedge fund recently raised its stake in Luby’s stock. Hodges Capital Management Inc. increased its stake in Luby’s Inc. (NYSE:LUB) by 8.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,158,565 shares of the company’s stock after buying an additional 254,340 shares during the period. Hodges Capital Management Inc. owned about 10.96% of Luby’s worth $14,119,000 as of its most recent filing with the SEC.
Luby’s, Inc (Luby’s), formerly Luby’s Cafeterias, Inc, is a multi-branded company operating in the restaurant industry and in the contract food services industry. The Company’s primary brands include Luby’s Cafeteria, Fuddruckers, Luby’s Culinary Contract Services and Cheeseburger in Paradise. Its other brands include are Bob Luby’s Seafood, Luby’s and Koo Koo Roo Chicken Bistro.
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