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Lub Liquidating Trust (LUB)

Luby's, Inc. operates two core restaurant brands: Luby's Cafeterias and Fuddruckers. Luby's is also the franchisor for the Fuddruckers restaurant brand. In addition, through its Luby's Culinary Contract Services business segment, Luby's provides food service management to sites consisting of healthcare, corporate dining locations, sports stadiums, and sales through retail grocery stores. Luby's is operating these businesses pending their sale under its previously announced plan of liquidation and dissolution referenced above.

Company profile

Ticker
LUB
Exchange
Website
CEO
Christopher Pappas
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LUBYS CAFETERIAS INC, LUBYS INC
SEC CIK
Subsidiaries
Luby’s Fuddruckers Restaurants, LLC • Luby’s Bevco, Inc. • Luby’s Bev I, LLC • Luby’s Bev II, LLC • Fuddruckers of Annapolis, LLC • Paradise Cheeseburgers, LLC • Paradise Restaurant Group, LLC • Cheeseburger of Algonquin, LLC • Cheeseburger of California, LLC • Cheeseburger of Downers Grove, LLC ...
IRS number
741335253

LUB stock data

Calendar

21 Apr 22
26 Jun 22
31 Aug 22
Quarter (USD) Mar 22 Dec 21 Aug 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 21 Aug 20 Aug 19 Aug 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Jul 21 Day Twila Common Stock Option exercise Acquire M No No 0 7,500 0 107,670
6 Jul 21 Day Twila RSU Common Stock Option exercise Dispose M No No 0 7,500 0 0
6 Jul 21 Morlock John B Common Stock Option exercise Acquire M No No 0 7,500 0 20,318
6 Jul 21 Morlock John B RSU Common Stock Option exercise Dispose M No No 0 7,500 0 0
6 Jul 21 Read Randolph C Common Stock Option exercise Acquire M No No 0 7,500 0 123,591
6 Jul 21 Read Randolph C RSU Common Stock Option exercise Dispose M No No 0 7,500 0 0
6 Jul 21 Mir Gasper Iii Common Stock Option exercise Acquire M No No 0 7,500 0 278,782
6 Jul 21 Mir Gasper Iii RSU Common Stock Option exercise Dispose M No No 0 7,500 0 0
6 Jul 21 Markantonis Frank Common Stock Option exercise Acquire M No No 0 7,500 0 309,688
6 Jul 21 Markantonis Frank RSU Common Stock Option exercise Dispose M No No 0 7,500 0 0
40.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 35 31 +12.9%
Opened positions 7 4 +75.0%
Closed positions 3 2 +50.0%
Increased positions 6 6
Reduced positions 10 7 +42.9%
13F shares Current Prev Q Change
Total value 37.33M 57.95M -35.6%
Total shares 12.5M 13.99M -10.7%
Total puts 75.5K 0 NEW
Total calls 37.6K 0 NEW
Total put/call ratio 2.0
Largest owners Shares Value Change
Hodges Capital Management 4.32M $12.35M -0.5%
Bandera Partners 2.86M $8.18M 0.0%
BML Investment Partners 1.35M $5.52M 0.0%
Sunbelt Securities 845.2K $2.36M -19.6%
Vanguard 807.92K $2.31M -62.1%
BLK Blackrock 476.85K $1.36M +0.6%
Renaissance Technologies 329.36K $942K -6.0%
Boothbay Fund Management 267.55K $765K 0.0%
Arrowstreet Capital, Limited Partnership 200.06K $572K +349.8%
JBF Capital 182.26K $522K 0.0%
Largest transactions Shares Bought/sold Change
Vanguard 807.92K -1.32M -62.1%
Sunbelt Securities 845.2K -205.9K -19.6%
Arrowstreet Capital, Limited Partnership 200.06K +155.58K +349.8%
Dimensional Fund Advisors 0 -118.53K EXIT
Grace & White 106.4K -54.32K -33.8%
Beryl Capital Management 43.81K +43.81K NEW
Susquehanna International 27.02K +27.02K NEW
Hodges Capital Management 4.32M -23.55K -0.5%
Renaissance Technologies 329.36K -21.1K -6.0%
O'shaughnessy Asset Management 20.65K +20.65K NEW

Financial report summary

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Risks
  • The amount of cash available to distribute to stockholders depends on our ability to successfully execute our monetization strategy and dispose of all or substantially all of our assets.
  • Notwithstanding stockholder approval of the Plan of Liquidation, the Board may determine not to proceed with the dissolution or may amend or modify the Plan of Liquidation without further stockholder approval.
  • If we fail to retain sufficient funds to pay the liabilities actually owed to our creditors, each stockholder receiving liquidating distributions could be liable for payment to our creditors for such stockholder's pro rata share of any shortfall, up to the amount actually distributed to such stockholder in connection with the dissolution.
  • General economic and business conditions as well as those specific to the restaurant industry may adversely affect our business and our net assets in liquidation.
  • Failure to collect accounts receivable or amounts receivable under promissory notes provided by buyers of our businesses and assets could adversely affect our financial performance and net assets in liquidation.
  • We may not be able to fully utilize our net operating losses ("NOLs").
  • The impact of inflation may adversely affect our financial performance.
  • We face the risk of adverse publicity and litigation, which could have a material adverse effect on our business and financial performance.
  • We may be harmed by security risks we face in connection with our electronic processing and transmission of confidential customer and employee information.
  • Labor shortages or increases in labor costs could adversely affect our business, financial performance and net assets in liquidation.
  • If we are unable to anticipate and react to changes in food, utility and other costs, our results of operations could be materially adversely affected.
  • Our property taxes could increase due to reassessment or property tax rate changes
  • Our business is subject to extensive federal, state and local laws and regulations.
  • We are subject to risks related to the provision of employee healthcare benefits, worker’s compensation and employee injury claims.
  • An increase in the minimum wage and regulatory mandates could adversely affect our financial performance.
  • The price of our common stock may experience volatility.
Management Discussion
  • For the 12 week period ended November 18, 2020. under the going concern basis of accounting (in thousands):
  • Under the liquidation basis of accounting subsequent to November 18, 2020, we no longer report Results of Operations information.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Exhibit, incorporated, jointly, packaged, PRI, wholly
Removed: Human, Paulette, Vice