Revenue Update on Luby's(NYSE:LUB)

Luby's(NYSE:LUB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Apr 13, 2016. Earnings per share were $-0.02.

Luby's (LUB) shares turned negative on Fridays trading session with the shares closing down -0.15 points or -3.00% at a volume of 17,836. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.04. The peak price level was also seen at $5.04 while the days lowest was $4.85. Finally the shares closed at $4.85. The 52-week high of the shares is $5.55 while the 52-week low is $3.7071. According to the latest information available, the market cap of the company is $140 M.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, Christopher James Pappas (CEO) purchased 5,000 shares at $4.36 per share price.Also, On Jun 19, 2015, Harris J Pappas (director 10% owner) purchased 125,000 shares at $5.13 per share price.

Luby’s Inc. (Luby’s) formerly Luby’s Cafeterias Inc. is a multi-branded company operating in the restaurant industry and in the contract food services industry. The Company’s primary brands include Luby’s Cafeteria Fuddruckers Luby’s Culinary Contract Services and Cheeseburger in Paradise. Its other brands include are Bob Luby’s Seafood Luby’s and Koo Koo Roo Chicken Bistro. The Company operates in three segments namely Company-owned restaurants franchise operations and culinary contract services (CSS). Company-owned restaurants segment consists of brands which include Luby’s Cafeteria Fuddruckers and Cheeseburger in Paradise. Franchise operations segment offers franchises for the Fuddruckers brand. Culinary contract services are branded as Luby’s culinary contract services which consists of a business line servicing healthcare higher education and corporate dining clients.

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