Marcus Capital LLC Lowers Position in GrubHub Inc. (GRUB)

Marcus Capital LLC trimmed its holdings in shares of GrubHub Inc. (NYSE:GRUB) by 50.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,000 shares of the information services provider’s stock after selling 10,000 shares during the quarter. Marcus Capital LLC’s holdings in GrubHub were worth $527,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GRUB. Ameriprise Financial Inc. bought a new stake in GrubHub during the 1st quarter worth approximately $507,000. Legal & General Group Plc increased its stake in GrubHub by 9.3% during the 1st quarter. Legal & General Group Plc now owns 28,286 shares of the information services provider’s stock worth $931,000 after purchasing an additional 2,409 shares in the last quarter. BlackRock Inc. increased its stake in GrubHub by 75,703.7% during the 1st quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock worth $167,094,000 after purchasing an additional 5,073,663 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in GrubHub by 7.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 348,418 shares of the information services provider’s stock worth $11,460,000 after purchasing an additional 25,656 shares in the last quarter. Finally, State Street Corp increased its stake in GrubHub by 2.4% during the 1st quarter. State Street Corp now owns 1,527,184 shares of the information services provider’s stock worth $50,228,000 after purchasing an additional 35,244 shares in the last quarter.

In other GrubHub news, COO Stanley Chia sold 4,671 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $54.17, for a total transaction of $253,028.07. Following the transaction, the chief operating officer now owns 4,671 shares in the company, valued at approximately $253,028.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Adam Dewitt sold 10,500 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $54.76, for a total value of $574,980.00. Following the transaction, the chief financial officer now owns 23,304 shares in the company, valued at approximately $1,276,127.04. The disclosure for this sale can be found here. Insiders have sold a total of 384,874 shares of company stock valued at $22,012,816 in the last ninety days. Insiders own 2.37% of the company’s stock.

GRUB has been the subject of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 price target (up previously from $50.00) on shares of GrubHub in a research report on Wednesday, August 9th. DA Davidson initiated coverage on GrubHub in a research report on Wednesday, September 13th. They set a “neutral” rating and a $48.00 price target for the company. Cowen and Company reaffirmed an “outperform” rating and set a $65.00 price target (up previously from $54.00) on shares of GrubHub in a research report on Thursday, September 14th. Craig Hallum initiated coverage on GrubHub in a research report on Monday, September 25th. They set a “buy” rating and a $70.00 price target for the company. Finally, Citigroup Inc. downgraded GrubHub from a “buy” rating to a “neutral” rating and upped their price target for the stock from $52.00 to $56.00 in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. GrubHub presently has an average rating of “Buy” and an average target price of $58.18.

TRADEMARK VIOLATION NOTICE: This piece was first published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/11/15/marcus-capital-llc-lowers-position-in-grubhub-inc-grub.html.

Shares of GrubHub Inc. (NYSE:GRUB) traded down $0.54 during trading on Wednesday, reaching $63.08. The company’s stock had a trading volume of 538,200 shares, compared to its average volume of 2,032,199. GrubHub Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $63.81. The firm has a market cap of $5,515.51, a P/E ratio of 73.13, a price-to-earnings-growth ratio of 3.49 and a beta of 1.64.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The business had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 32.1% on a year-over-year basis. analysts expect that GrubHub Inc. will post 0.88 earnings per share for the current fiscal year.

About GrubHub

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.

Want to see what other hedge funds are holding GRUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GrubHub Inc. (NYSE:GRUB).

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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

Latest News

Leave a Reply