Shares of Luby’s, Inc. (NYSE:LUB) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.56 and last traded at $1.56, with a volume of 14117 shares changing hands. The stock had previously closed at $1.58.
Luby’s (NYSE:LUB) last announced its earnings results on Monday, July 16th. The restaurant operator reported ($0.13) earnings per share (EPS) 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%.
A number of hedge funds and other institutional investors have recently made changes to their positions in LUB. Dimensional Fund Advisors LP boosted its position in Luby’s by 0.9% during the 1st 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. Marquette Asset Management LLC acquired a new stake in shares of Luby’s in the 2nd quarter worth $188,000. Finally, Renaissance Technologies LLC boosted its position in shares of Luby’s by 21.7% in the 2nd quarter. Renaissance Technologies LLC now owns 256,198 shares of the restaurant operator’s stock worth $664,000 after purchasing an additional 45,598 shares in the last quarter. 35.92% of the stock is currently owned by institutional investors and hedge funds.
Luby’s Company Profile (NYSE:LUB)
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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