Insider Buying: K Scott Gray Acquires 1,000 Shares of Luby’s Stock (LUB)
Luby’s (NYSE:LUB) CFO K Scott Gray acquired 1,000 shares of the stock on the open market in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average cost of $5.00 per share, with a total value of $5,000.00. Following the completion of the transaction, the chief financial officer now directly owns 19,628 shares in the company, valued at approximately $98,140. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Luby’s (NYSE:LUB) traded up 0.30% during mid-day trading on Tuesday, hitting $5.055. The stock had a trading volume of 35,826 shares. Luby’s has a 52 week low of $4.83 and a 52 week high of $9.19. The stock’s 50-day moving average is $5.09 and its 200-day moving average is $6.19. The company’s market cap is $143.6 million.
Luby’s (NYSE:LUB) last announced its earnings results on Friday, June 13th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01. The company had revenue of $97.21 million for the quarter, compared to the consensus estimate of $96.34 million. During the same quarter last year, the company posted $0.10 earnings per share. Analysts expect that Luby’s will post $-0.05 EPS for the current fiscal year.
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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