Columbus Circle Investors Sells 6,473 Shares of Grubhub (GRUB)

Columbus Circle Investors reduced its holdings in Grubhub (NYSE:GRUB) by 1.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 359,577 shares of the information services provider’s stock after selling 6,473 shares during the quarter. Columbus Circle Investors owned approximately 0.41% of Grubhub worth $36,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of Grubhub during the first quarter worth $101,000. Meeder Asset Management Inc. acquired a new stake in shares of Grubhub during the first quarter worth $138,000. QS Investors LLC acquired a new stake in shares of Grubhub during the fourth quarter worth $129,000. Callahan Advisors LLC acquired a new stake in shares of Grubhub during the first quarter worth $212,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Grubhub during the first quarter worth $224,000.

Grubhub stock opened at $103.38 on Friday. Grubhub has a 1-year low of $100.62 and a 1-year high of $102.50. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 105.49, a price-to-earnings-growth ratio of 3.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.10 and a current ratio of 2.10.

Grubhub (NYSE:GRUB) last released its quarterly earnings data on Tuesday, May 1st. The information services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.25. Grubhub had a net margin of 14.75% and a return on equity of 9.73%. The firm had revenue of $232.60 million for the quarter, compared to analyst estimates of $229.22 million. During the same period last year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 49.0% compared to the same quarter last year. equities research analysts predict that Grubhub will post 1.3 EPS for the current year.

In related news, Director Keith Richman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $93.95, for a total transaction of $939,500.00. Following the transaction, the director now directly owns 11,528 shares of the company’s stock, valued at $1,083,055.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margo Drucker sold 9,092 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $96.36, for a total transaction of $876,105.12. Following the transaction, the senior vice president now directly owns 9,192 shares in the company, valued at $885,741.12. The disclosure for this sale can be found here. Insiders sold 74,875 shares of company stock worth $7,283,530 over the last ninety days. Insiders own 2.37% of the company’s stock.

Several equities research analysts have recently weighed in on GRUB shares. Citigroup increased their price objective on shares of Grubhub to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 12th. They noted that the move was a valuation call. Roth Capital increased their price objective on shares of Grubhub from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Oppenheimer increased their price objective on shares of Grubhub to $100.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Mizuho set a $98.00 price target on shares of Grubhub and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Cowen restated a “buy” rating and issued a $96.00 price target on shares of Grubhub in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $92.16.

Grubhub Profile

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

Institutional Ownership by Quarter for Grubhub (NYSE:GRUB)

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