Stephens Investment Management Group LLC boosted its position in shares of GrubHub Inc (NYSE:GRUB) by 15.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 548,308 shares of the information services provider’s stock after buying an additional 74,198 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.60% of GrubHub worth $42,763,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC bought a new stake in GrubHub during the 1st quarter valued at $35,000. Steward Partners Investment Advisory LLC bought a new position in GrubHub in the 2nd quarter worth $41,000. Valeo Financial Advisors LLC raised its holdings in GrubHub by 2,857.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 621 shares of the information services provider’s stock worth $48,000 after purchasing an additional 600 shares in the last quarter. Optimum Investment Advisors bought a new position in GrubHub in the 2nd quarter worth $78,000. Finally, Quadrant Capital Group LLC raised its holdings in GrubHub by 118.8% in the 1st quarter. Quadrant Capital Group LLC now owns 1,212 shares of the information services provider’s stock worth $81,000 after purchasing an additional 658 shares in the last quarter.
In related news, SVP Margo Drucker sold 587 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $67.49, for a total transaction of $39,616.63. Following the sale, the senior vice president now directly owns 7,727 shares of the company’s stock, valued at approximately $521,495.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maria Belousova sold 6,821 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $69.26, for a total transaction of $472,422.46. Following the sale, the insider now directly owns 6,661 shares in the company, valued at $461,340.86. The disclosure for this sale can be found here. Insiders sold a total of 26,511 shares of company stock worth $1,939,926 over the last ninety days. Insiders own 1.88% of the company’s stock.
GRUB has been the subject of several research reports. Wedbush set a $90.00 price objective on shares of GrubHub and gave the stock an “in-line” rating in a report on Wednesday, July 31st. Citigroup upgraded shares of GrubHub from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $75.00 to $91.00 in a report on Tuesday, June 25th. ValuEngine upgraded shares of GrubHub from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Jefferies Financial Group decreased their price objective on shares of GrubHub from $85.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Finally, Morgan Stanley decreased their price objective on shares of GrubHub from $72.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. GrubHub currently has a consensus rating of “Buy” and an average target price of $96.14.
Shares of NYSE:GRUB traded down $3.12 during midday trading on Thursday, reaching $57.79. The company’s stock had a trading volume of 1,889,211 shares, compared to its average volume of 3,615,562. The business has a 50 day moving average of $73.20. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 46.98, a P/E/G ratio of 3.66 and a beta of 1.21. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.41. GrubHub Inc has a 12-month low of $60.20 and a 12-month high of $149.35.
GrubHub (NYSE:GRUB) last released its earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.13. The firm had revenue of $325.06 million for the quarter, compared to the consensus estimate of $317.39 million. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. As a group, analysts predict that GrubHub Inc will post 0.71 EPS for the current fiscal year.
GrubHub Company 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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
See Also: Insider Trading – What You Need to Know
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).
Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.