Luby’s (NYSE:LUB) Trading Up 6%

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Luby’s, Inc. (NYSE:LUB)’s share price was up 6% on Wednesday . The company traded as high as $1.30 and last traded at $1.24, approximately 235,694 shares were traded during trading. An increase of 474% from the average daily volume of 41,034 shares. The stock had previously closed at $1.17.

The business has a 50-day moving average price of $1.17 and a two-hundred day moving average price of $1.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 0.89.

Luby’s (NYSE:LUB) last posted its quarterly earnings data on Monday, July 15th. The restaurant operator reported ($0.16) earnings per share for the quarter. Luby’s had a negative return on equity of 17.00% and a negative net margin of 2.39%. The company had revenue of $74.77 million for the quarter.

A hedge fund recently raised its stake in Luby’s stock. Citadel Advisors LLC boosted its holdings in Luby’s, Inc. (NYSE:LUB) by 94.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,064 shares of the restaurant operator’s stock after buying an additional 11,185 shares during the quarter. Citadel Advisors LLC owned approximately 0.08% of Luby’s worth $25,000 at the end of the most recent quarter. Institutional investors and hedge funds own 32.57% of the company’s stock.

About Luby’s (NYSE:LUB)

Luby's, Inc provides restaurant services in the United States. It operates through three segments: Company-owned Restaurants, Franchise Operations, and Culinary Contract Services. The company operates casual dining restaurants; and offers culinary contract services, including contract arrangements to manage food services for healthcare clients, corporate dining clients, government buildings, and sports stadiums, as well as through retail grocery stores.

See Also: Producer Price Index (PPI)

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