Shares of Luby’s Inc. (NYSE:LUB) traded today at $4.13, eclipsing its 52-week high. Approximately 361,000 shares have changed hands today, as compared to an average 30-day volume of 43,000 shares.
Luby’s Inc. (NYSE:LUB) defies analysts with a current price ($4.07) 14.2% above its average consensus price target of $3.49.
Luby’s Inc is a multi-branded company that owns and operates restaurants in the United States. Its operating segments are Company-owned restaurants, which generate majority revenue; franchise operations; and Culinary Contract Services. The company-owned restaurant’s segment consists of brands including Luby’s Cafeteria, Fuddruckers, and Cheeseburger in Paradise with a couple of non-core restaurant locations under other brand names. It only offers franchises for the Fuddruckers brand. Franchises are sold in markets where expansion is deemed advantageous to the development of the Fuddruckers concept and system of restaurants. The CCS operation, branded as Luby’s Culinary Contract Services, consists of a business line servicing healthcare and corporate dining clients.
Over the past year, Luby’s Inc. has traded in a range of $0.90 to $4.13 and is now at $4.07, 352% above that low.
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