Grace & White Inc. NY Buys 121,485 Shares of Luby’s, Inc. (NYSE:LUB)
Grace & White Inc. NY boosted its stake in shares of Luby’s, Inc. (NYSE:LUB) by 22.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,804 shares of the restaurant operator’s stock after buying an additional 121,485 shares during the period. Grace & White Inc. NY owned about 2.27% of Luby’s worth $1,857,000 as of its most recent filing with the SEC.
Separately, Wells Fargo & Company MN increased its position in Luby’s by 445.1% in the first quarter. Wells Fargo & Company MN now owns 42,741 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 34,900 shares in the last quarter. 47.18% of the stock is owned by institutional investors.
Luby’s, Inc. (LUB) traded up 1.46% during trading on Monday, reaching $2.78. The company’s stock had a trading volume of 35,656 shares. The company’s market capitalization is $80.95 million. Luby’s, Inc. has a 1-year low of $2.45 and a 1-year high of $4.64. The company’s 50-day moving average is $2.88 and its 200-day moving average is $3.10.
Luby’s (NYSE:LUB) last released its earnings results on Wednesday, July 12th. The restaurant operator reported ($0.02) earnings per share for the quarter. The business had revenue of $88.72 million for the quarter. Luby’s had a negative return on equity of 4.97% and a negative net margin of 6.96%. Equities analysts anticipate that Luby’s, Inc. will post ($0.07) EPS for the current year.
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In other news, insider Christopher James Pappas purchased 87,500 shares of the company’s stock in a transaction on Monday, June 5th. The stock was bought at an average cost of $3.11 per share, for a total transaction of $272,125.00. Following the completion of the purchase, the insider now directly owns 4,182,096 shares of the company’s stock, valued at approximately $13,006,318.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harris J. Pappas purchased 54,683 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $2.84 per share, with a total value of $155,299.72. Following the completion of the purchase, the director now directly owns 3,910,349 shares of the company’s stock, valued at $11,105,391.16. The disclosure for this purchase can be found here. Insiders have acquired 375,972 shares of company stock valued at $1,166,957 over the last 90 days. 35.20% of the stock is currently owned by insiders.
Luby’s, Inc, is a multi-branded company operating in the restaurant industry and in the contract food services industry. The Company is managed through three segments: Company-owned restaurants, franchise operations, and Culinary Contract Services (CSS). The company-owned restaurants brands are Luby’s Cafeteria, Fuddruckers, and Cheeseburger in Paradise with a couple of non-core restaurant locations under other brand names.
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