Luby’s Inc. (LUB) Stock Price Down 5.3%
Luby’s Inc. (NYSE:LUB) shares fell 5.3% on Friday . The company 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 firm’s 50-day moving average price is $4.92 and its 200-day moving average price is $4.73. The company’s market capitalization is $137.08 million.
Luby’s (NYSE:LUB) last released its quarterly earnings results on Wednesday, April 13th. The company reported ($0.02) EPS for the quarter. The business earned $92 million during the quarter, compared to analysts’ expectations of $91 million. Analysts predict that Luby’s Inc. will post ($0.07) EPS for the current year.
An institutional investor recently raised its position in Luby’s stock. Hodges Capital Management Inc. increased its position in shares of Luby’s Inc. (NYSE:LUB) by 8.8% during the fourth quarter, Holdings Channel reports. The firm 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 approximately 10.96% of Luby’s worth $14,119,000 at the end of the most recent reporting period.
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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