Luby’s, Inc. (NYSE:LUB) Plans Dividend of $0.20

Luby’s, Inc. (NYSE:LUBGet Rating) declared a dividend on Thursday, May 5th, Fidelity reports. Investors of record on Tuesday, May 17th will be paid a dividend of 0.20 per share by the restaurant operator on Tuesday, May 24th. The ex-dividend date is Monday, May 16th.

Shares of LUB stock opened at $1.95 on Friday. Luby’s has a 52-week low of $1.92 and a 52-week high of $5.13. The stock’s 50-day moving average price is $2.28 and its 200 day moving average price is $2.68.

Institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new stake in Luby’s in the 3rd quarter valued at approximately $59,000. Morgan Stanley boosted its holdings in Luby’s by 119.1% in the 3rd quarter. Morgan Stanley now owns 16,608 shares of the restaurant operator’s stock valued at $69,000 after purchasing an additional 9,029 shares in the last quarter. Ancora Advisors LLC boosted its holdings in Luby’s by 185.7% in the 1st quarter. Ancora Advisors LLC now owns 20,000 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 13,000 shares in the last quarter. UBS Group AG boosted its holdings in Luby’s by 4,836.0% in the 3rd quarter. UBS Group AG now owns 22,755 shares of the restaurant operator’s stock valued at $95,000 after purchasing an additional 22,294 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Luby’s by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 92,147 shares of the restaurant operator’s stock worth $385,000 after acquiring an additional 10,225 shares in the last quarter. 41.89% of the stock is currently owned by institutional investors.

About Luby’s (Get Rating)

Luby's, Inc is in the process of liquidation of its remaining assets. Previously, it provided restaurant services in the United States. As of November 19, 2021, the company operated 18 casual dining restaurants; and owned 24 properties. It also operated four Fuddruckers locations; and 14 Luby's cafeterias.

Read More

Receive News & Ratings for Luby's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luby's and related companies with MarketBeat.com's FREE daily email newsletter.