Luby’s Rating Lowered to Hold at TheStreet (LUB)
Luby’s (NYSE:LUB) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Thursday, American Banking & Market News reports.
The analysts wrote, “Luby’s (LUB) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity.”
Shares of Luby’s (NYSE:LUB) traded down 1.81% during mid-day trading on Thursday, hitting $7.5801. The stock had a trading volume of 6,871 shares. Luby’s has a 1-year low of $6.49 and a 1-year high of $9.19. The stock’s 50-day moving average is $7.71 and its 200-day moving average is $7.8. The company has a market cap of $214.8 million and a P/E ratio of 133.10.
Luby’s (NYSE:LUB) last released its earnings data on Thursday, December 19th. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $78.56 million for the quarter, compared to the consensus estimate of $79.45 million. Analysts expect that Luby’s will post $0.08 EPS for the current fiscal year.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Luby’s from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 9th.
Luby’s, Inc (NYSE:LUB) is a multi-branded company operating in the restaurant industry and the contract food services industry.
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