Luby’s (LUB) Sets New 52-Week Low at $1.81
Shares of Luby’s, Inc. (NYSE:LUB) reached a new 52-week low on Monday . The company traded as low as $1.81 and last traded at $1.93, with a volume of 100 shares trading hands. The stock had previously closed at $1.93.
Luby’s (NYSE:LUB) last released its quarterly earnings data on Monday, July 16th. The restaurant operator reported ($0.13) earnings per share for the quarter. The company had revenue of $86.00 million for the quarter. Luby’s had a negative net margin of 9.43% and a negative return on equity of 11.06%.
Several large investors have recently added to or reduced their stakes in the company. Marquette Asset Management LLC bought a new position in shares of Luby’s during the second quarter valued at approximately $188,000. Renaissance Technologies LLC raised its holdings in shares of Luby’s by 21.7% during the second quarter. Renaissance Technologies LLC now owns 256,198 shares of the restaurant operator’s stock valued at $664,000 after acquiring an additional 45,598 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Luby’s by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,294,781 shares of the restaurant operator’s stock valued at $6,379,000 after acquiring an additional 20,984 shares in the last quarter. 35.93% of the stock is owned by hedge funds and other institutional investors.
Luby's, Inc operates as a multi-brand restaurant company in the United States. The company operates through three segments: Company-Owned Restaurants, Franchise Operations, and Culinary Contract Services. Its primary brands include Luby's Cafeteria, Fuddruckers – World's Greatest Hamburgers, and Luby's Culinary Contract Services; and other brands comprise Cheeseburger in Paradise.
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