Vanguard Group Inc. grew its stake in GrubHub Inc (NASDAQ:GRUB) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,952,748 shares of the information services provider’s stock after buying an additional 203,802 shares during the period. Vanguard Group Inc. owned 8.07% of GrubHub worth $303,139,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of GRUB. Bank of New York Mellon Corp increased its stake in shares of GrubHub by 94.4% in the first quarter. Bank of New York Mellon Corp now owns 659,373 shares of the information services provider’s stock valued at $21,686,000 after buying an additional 320,115 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of GrubHub by 48.6% in the first quarter. UBS Asset Management Americas Inc. now owns 39,963 shares of the information services provider’s stock valued at $1,314,000 after buying an additional 13,076 shares during the period. Karp Capital Management Corp acquired a new stake in shares of GrubHub in the first quarter valued at about $214,000. Ameriprise Financial Inc. acquired a new stake in shares of GrubHub in the first quarter valued at about $507,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of GrubHub by 50.7% in the first quarter. Parametric Portfolio Associates LLC now owns 117,867 shares of the information services provider’s stock valued at $3,877,000 after buying an additional 39,668 shares during the period.
Several equities research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $54.93 price target (down previously from $63.00) on shares of GrubHub in a research note on Wednesday, August 23rd. DA Davidson assumed coverage on GrubHub in a research note on Wednesday, September 13th. They set a “neutral” rating and a $48.00 target price for the company. Wells Fargo & Company assumed coverage on GrubHub in a research note on Thursday, June 15th. They set a “market perform” rating and a $45.00 target price for the company. Roth Capital set a $55.00 target price on GrubHub and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Vetr raised GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 target price for the company in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.67.
In related news, CFO Adam Dewitt sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $46.34, for a total value of $92,680.00. Following the transaction, the chief financial officer now directly owns 24,224 shares of the company’s stock, valued at approximately $1,122,540.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barbara Martin Coppola sold 1,459 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $52.66, for a total value of $76,830.94. Following the completion of the transaction, the insider now directly owns 8,875 shares in the company, valued at $467,357.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 385,274 shares of company stock worth $20,411,422.
GrubHub Inc (NASDAQ GRUB) opened at 52.19 on Wednesday. The company has a market cap of $4.51 billion and a price-to-earnings ratio of 76.75. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $57.61. The stock has a 50 day moving average price of $54.08 and a 200-day moving average price of $46.18.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The firm had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. On average, analysts predict that GrubHub Inc will post $1.09 EPS for the current fiscal year.
GrubHub Company Profile
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
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