|Bid||1.3600 x 1200|
|Ask||1.7500 x 1100|
|Day's Range||1.3000 - 1.3300|
|52 Week Range||0.9900 - 2.1500|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Amid a proxy fight early this year, Luby's announced it would replace two incumbent directors with two new independent directors and select a new board chair at some point this year. Now, the restaurant operator is following through on that plan.
Houston-based restaurant company Luby’s Inc. (NYSE: LUB) is still working on turnaround efforts that began last year.
The Houston-based company said it had net income of 22 cents per share. Losses, adjusted for non-recurring gains, were 12 cents per share. The casual dining chain posted revenue of $74.4 million in the ...
Chris Pappas has been the CEO of Luby's, Inc. (NYSE:LUB) since 2001. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then we'll look at a snap shot of t...
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Anyone researching Luby's, Inc. (NYSE:LUB) might want to consider theRead More...
Casual dining chain Luby's Inc said on Friday it had defeated a long-term shareholder's bid for four board seats, as investors sided with management and elected all nine of the company's director nominees. The support from investors ended the company's proxy fight with Bandera Partners, a New York-based hedge fund that owns roughly 10 percent of Luby's shares and demanded more accountability and oversight by the board. From the start, it was an uphill battle for Bandera because some 37 percent of the stock is controlled by the Pappas family.
A week ago, Luby’s announced that it would institute changes to its corporate governance and add two new independent directors in 2019. However, Bandera responded with a letter to shareholders calling the changes “too little too late.”
Casual dining chain Luby's Inc. said on Friday that it beat back a long-term shareholder's bid for four board seats when investors sided with management and elected all nine of the company's director nominees. Investors supported all of Luby's directors ending a battle between the company and Bandera Partners, a small New York-based hedge fund that owns roughly 10 percent of Luby's shares and demanded more accountability and oversight by the board.
Houston-based restaurant owner Luby’s Inc. (NYSE: LUB) plans to make a series of changes in 2019 regarding its board and corporate governance, according to a Jan. 18 press release. The board changes include replacing two incumbent directors with two new independent directors and selecting a new board chair, per the release. The board currently is searching for the new independent directors.
Casual dining chain Luby's Inc will shake up its board, it said on Friday, just one week before shareholders vote on whether to add an investor activist's representatives as directors. The company, which is facing pressure from Bandera Capital, a New York hedge fund that owns nearly 10 percent of its shares, will invite two new independent directors to replace two sitting members and will choose a new chair. "Luby's has recently been engaged in in-depth discussions with many of our shareholders, and based on the feedback we have received, we have chosen to accelerate our plans to transform the Board," board chairman Gasper Mir III, said in a statement.
Luby's Inc on Tuesday hit back at criticisms from a long-time investor that wants to shake up the casual dining chain's board by questioning the qualifications of the hedge fund's director nominees. The Texas-based restaurant company, which owns hamburger chain Fuddruckers and has a market capitalization of $39 million, said that Bandera Partners, which is running a proxy contest, has proposed unqualified nominees who have no business being elected to a public company's board. The company plans to file its documents with regulators later on Tuesday after having presented its case to proxy advisory firm Institutional Shareholder Services.
The annual meeting for Luby's shareholders will be held Jan. 25, and the activist investor has nominated four people to the company's board.
Luby's and the activist investor describe a different timeline of events leading up to recent push for new directors on the company's board.
Activist hedge fund Bandera Partners filed a 13D regarding Luby’s, Inc. (NYSE:LUB). Other hedge funds are reducing their bets on the stock. The number of long hedge fund positions retreated by 1 during the third quarter. Does it make sense to follow Bandera Partners into LUB? According to most investors, hedge funds are seen as unimportant, […]
Luby's Inc owns and operates restaurants in the United States. Warning! GuruFocus has detected 3 Warning Signs with LUB. For the last quarter Luby's Inc reported a revenue of $83.9 million, compared with the revenue of $86.59 million during the same period a year ago.
"While we are not pleased with our financial results in the quarter or the fiscal year, we are taking actions to improve our financial results and restaurant operating performance. … Along with the restaurant closures, asset sales program and pending refinancing, we have also made reductions in certain corporate support staffing in the fourth quarter."
The big shareholder groups in Luby’s Inc (NYSE:LUB) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership Read More...
The Houston-based company said it had a loss of 6 cents per share. Losses, adjusted for one-time gains and costs, were 11 cents per share. The casual dining chain posted revenue of $83.9 million in the ...