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LUB Luby`s

Luby's, Inc. is a parent company that operates restaurants under the brands Luby's, Fuddruckers, Koo Koo Roo, and Cheeseburger in Paradise. 77 Luby's cafeteria-style restaurants are located in Austin, Dallas, Houston, San Antonio, the Rio Grande Valley, El Paso, and other cities throughout Texas; plus one in Mississippi. Its headquarters is in the Near Northwest district of Houston, Texas. The original location was founded in 1947 in San Antonio, Texas by Robert Luby .

Company profile

Ticker
LUB
Exchange
Website
CEO
Christopher Pappas
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LUBYS CAFETERIAS INC
SEC CIK
IRS number
741335253

LUB stock data

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Calendar

1 Feb 21
22 Apr 21
25 Aug 21
Quarter (USD)
Dec 20 Aug 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Aug 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Luby`s earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Oct 20 Mir Gasper Iii Restricted Stock Award Grant Aquire A No No 2.84 6,864 19.49K 263,782
1 Oct 20 Mckinney Joe C Restricted Stock Award Grant Aquire A No No 2.84 7,875 22.37K 304,845
1 Oct 20 Morlock John B Restricted Stock Award Grant Aquire A No No 2.84 1,320 3.75K 12,818
1 Oct 20 Read Randolph C Restricted Stock Award Grant Aquire A No No 2.84 9,899 28.11K 116,091
1 Oct 20 Bodzy Gerald W Restricted Stock Award Grant Aquire A No No 2.84 11,344 32.22K 225,854

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

36.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 31 33 -6.1%
Opened positions 3 11 -72.7%
Closed positions 5 4 +25.0%
Increased positions 5 8 -37.5%
Reduced positions 9 8 +12.5%
13F shares
Current Prev Q Change
Total value 32.03M 42.6M -24.8%
Total shares 11.28M 11.4M -1.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Bandera Partners 2.86M $8.12M 0.0%
Hodges Capital Management 2.49M $7.06M -2.3%
Dimensional Fund Advisors 1.51M $4.29M -13.1%
Sunbelt Securities 1.05M $2.99M 0.0%
Vanguard 793.91K $2.26M +66.8%
Grace & White 546.45K $1.55M -11.9%
BLK Blackrock 513.57K $1.46M +0.1%
Renaissance Technologies 414.85K $1.18M -5.8%
Boothbay Fund Management 238.03K $676K +5.8%
JBF Capital 182.36K $518K -8.8%
Largest transactions
Shares Bought/sold Change
Vanguard 793.91K +317.94K +66.8%
Dimensional Fund Advisors 1.51M -227.19K -13.1%
Grace & White 546.45K -73.89K -11.9%
Hodges Capital Management 2.49M -57.41K -2.3%
Renaissance Technologies 414.85K -25.6K -5.8%
Millennium Management 0 -21.46K EXIT
Qube Research & Technologies 42.53K -19.79K -31.8%
JBF Capital 182.36K -17.65K -8.8%
HRT Financial 0 -17.04K EXIT
Boothbay Fund Management 238.03K +13.03K +5.8%

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 stockholders pro rata share of any shortfall, up to the amount actually distributed to such stockholder in connection with the dissolution.
  • We have incurred indebtedness under the CARES Act which may be subject to audit, may not be forgivable and may eventually have to be repaid. Any repayment of such indebtedness may limit the funds available to us and may restrict our flexibility in operating our business or otherwise adversely affect our net assets and liabilities in liquidation.
  • General economic and business conditions as well as those specific to the restaurant industry may adversely affect our business and our net assets and liabilities in liquidation.
  • We face intense competition, and if we are unable to compete effectively or if customer preferences change, our business, financial performance and net assets and liabilities in liquidation may be adversely affected.
  • Our ability to service our debt obligations is primarily dependent upon our future financial performance and asset sales.
  • 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 and liabilities 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.
  • Failure to collect account receivables could adversely affect our financial performance and net asset and liabilities in liquidation.
  • Our business is subject to seasonal fluctuations, and, as a result, our financial performance for any given quarter may not be indicative of the results that may be achieved for the full fiscal year.
  • We may not be able to adequately protect our intellectual property, which could harm the value of our brands and adversely affect our business.
  • 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.
  • Termination of franchise agreements may disrupt restaurant performance.
  • Franchisees may breach the terms of their franchise agreements in a manner that adversely affects the reputation of our brands.
  • The price of our common stock may experience volatility.
Management Discussion
  • Comparability between periods is affected by the varying lengths of the periods and the periods ending at different points in the calendar year when seasonal patterns for sales are different. The three periods ended November 18, 2020 consisted of 12 weeks while the quarter ended December 18, 2019 consisted of 16 weeks.
  • Under the going concern basis of accounting, the Company had five reportable segments: Luby's cafeterias, Fuddruckers restaurants, Cheeseburger in Paradise, Fuddruckers franchise operations, and CCS. Subsequent to the shareholder approval of the Plan of Liquidation, we no longer make operating decisions or assess performance in separate segments as all assets are considered held for sale. Accordingly, we have only one reporting and operating segment subsequent to November 18, 2020.
  • Total restaurant sales decreased approximately $47.1 million in the three periods ended November 18, 2020 compared to the quarter ended December 18, 2019. The decrease in restaurant sales included an approximate $31.9 million decrease in sales at stand-alone Luby's cafeterias, an approximate $11.0 million decrease in sales at stand-alone Fuddruckers restaurants, an approximate $3.3 million decrease in sales from Combo locations, and an approximate $0.8 million decrease in sales at Cheeseburger in Paradise restaurants.
Content analysis
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Readability
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