Rothschild Asset Management Inc. boosted its stake in shares of GrubHub Inc (NYSE:GRUB) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,983 shares of the information services provider’s stock after acquiring an additional 29,668 shares during the period. Rothschild Asset Management Inc. owned 0.64% of GrubHub worth $29,278,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Carmignac Gestion boosted its holdings in shares of GrubHub by 55.4% during the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after acquiring an additional 1,773,959 shares in the last quarter. Fiera Capital Corp acquired a new position in GrubHub during the 2nd quarter worth about $40,593,000. Canada Pension Plan Investment Board acquired a new position in GrubHub during the 2nd quarter worth about $29,203,000. Janus Henderson Group PLC acquired a new position in GrubHub during the 2nd quarter worth about $28,875,000. Finally, Sylebra HK Co Ltd acquired a new position in GrubHub during the 2nd quarter worth about $27,341,000.
In related news, CFO Adam Dewitt sold 5,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $55.90, for a total value of $279,500.00. Following the completion of the transaction, the chief financial officer now directly owns 21,484 shares of the company’s stock, valued at $1,200,955.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stanley Chia sold 645 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $53.57, for a total transaction of $34,552.65. Following the completion of the transaction, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $65,087.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 338,633 shares of company stock valued at $20,241,687. Company insiders own 2.37% of the company’s stock.
Several research analysts have commented on GRUB shares. Cowen reaffirmed an “outperform” rating and set a $54.00 target price on shares of GrubHub in a report on Wednesday, August 9th. BidaskClub raised GrubHub from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 target price on shares of GrubHub in a research report on Wednesday, October 4th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price (down from $63.00) on shares of GrubHub in a research report on Tuesday, September 26th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $50.00 price target on shares of GrubHub in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.18.
GrubHub Inc (NYSE GRUB) traded up $0.52 on Thursday, reaching $68.94. The company had a trading volume of 631,157 shares, compared to its average volume of 1,966,134. The company has a market capitalization of $5,858.82, a PE ratio of 77.68, a PEG ratio of 3.71 and a beta of 1.67. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $69.82.
GrubHub (NYSE:GRUB) last released its earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $159.63 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis. research analysts predict that GrubHub Inc will post 0.89 EPS for the current fiscal year.
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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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