Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of GrubHub Inc (NYSE:GRUB) by 41.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,268 shares of the information services provider’s stock after buying an additional 1,250 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GrubHub were worth $306,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new position in shares of GrubHub in the 2nd quarter worth $19,789,000. Westpac Banking Corp lifted its holdings in shares of GrubHub by 105.7% in the 3rd quarter. Westpac Banking Corp now owns 21,600 shares of the information services provider’s stock worth $1,137,000 after purchasing an additional 11,100 shares in the last quarter. Trexquant Investment LP bought a new position in shares of GrubHub in the 3rd quarter worth $1,083,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of GrubHub by 37.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 526,343 shares of the information services provider’s stock worth $27,718,000 after purchasing an additional 143,583 shares in the last quarter. Finally, Axiom International Investors LLC DE bought a new position in shares of GrubHub in the 3rd quarter worth $3,795,000.
Shares of GrubHub Inc (GRUB) opened at $95.93 on Monday. GrubHub Inc has a twelve month low of $32.43 and a twelve month high of $96.58. The firm has a market capitalization of $8,347.66, a PE ratio of 96.90, a P/E/G ratio of 3.59 and a beta of 1.54.
GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The company had revenue of $205.10 million during the quarter, compared to analyst estimates of $201.55 million. During the same quarter last year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 49.2% on a year-over-year basis. analysts anticipate that GrubHub Inc will post 1.15 earnings per share for the current year.
Several equities analysts have weighed in on the company. Zacks Investment Research cut GrubHub from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Craig Hallum raised their price objective on GrubHub from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Canaccord Genuity raised their price objective on GrubHub from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on GrubHub from $77.00 to $100.00 and gave the company a “positive” rating in a research note on Friday, February 9th. Finally, Monness Crespi & Hardt raised their price objective on GrubHub from $42.00 to $65.00 and gave the company a “sell” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.07.
In other GrubHub news, CEO Matthew M. Maloney sold 6,250 shares of GrubHub stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $66.37, for a total transaction of $414,812.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stanley Chia sold 645 shares of GrubHub stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $66.54, for a total value of $42,918.30. Following the transaction, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at approximately $80,846.10. The disclosure for this sale can be found here. In the last three months, insiders sold 318,603 shares of company stock valued at $23,453,939. 2.37% of the stock is currently owned by insiders.
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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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