Wells Fargo & Company MN trimmed its position in GrubHub Inc (NYSE:GRUB) by 34.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 301,787 shares of the information services provider’s stock after selling 159,002 shares during the period. Wells Fargo & Company MN owned 0.35% of GrubHub worth $15,892,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Caledonia Private Investments Pty Ltd lifted its holdings in shares of GrubHub by 3.4% during the second quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock valued at $432,159,000 after purchasing an additional 329,401 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in GrubHub by 1.7% in the second quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock valued at $365,605,000 after acquiring an additional 142,445 shares during the period. Vanguard Group Inc. lifted its holdings in GrubHub by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after acquiring an additional 203,802 shares during the period. BlackRock Inc. lifted its holdings in GrubHub by 4.3% in the second quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after acquiring an additional 216,307 shares during the period. Finally, Carmignac Gestion lifted its holdings in GrubHub by 55.4% in the second 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 during the period.
In other news, COO Stanley Chia sold 645 shares of GrubHub stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $60.60, for a total value of $39,087.00. Following the transaction, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $73,629. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction on Monday, October 16th. The shares were sold at an average price of $51.13, for a total value of $255,650.00. Following the completion of the transaction, the chief financial officer now owns 20,114 shares in the company, valued at $1,028,428.82. The disclosure for this sale can be found here. Insiders have sold a total of 442,393 shares of company stock valued at $28,330,028 over the last three months. 2.37% of the stock is owned by corporate insiders.
GrubHub Inc (GRUB) traded up $2.39 during trading hours on Friday, hitting $70.61. The stock had a trading volume of 1,542,900 shares, compared to its average volume of 1,300,000. The company has a market cap of $6,120.00, a price-to-earnings ratio of 103.84, a price-to-earnings-growth ratio of 2.91 and a beta of 1.67. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $74.81.
GrubHub (NYSE:GRUB) last posted its quarterly earnings data 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 analyst estimates of $159.63 million. During the same period last year, the company earned $0.23 EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. research analysts anticipate that GrubHub Inc will post 0.89 earnings per share for the current year.
A number of research analysts have weighed in on GRUB shares. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 target price on shares of GrubHub in a report on Wednesday, October 4th. Wedbush restated an “outperform” rating and issued a $60.00 price target (down previously from $63.00) on shares of GrubHub in a research report on Tuesday, September 26th. Wells Fargo & Co restated a “market perform” rating and issued a $68.00 price target (up previously from $58.00) on shares of GrubHub in a research report on Monday, January 8th. Monness Crespi & Hardt upped their price target on GrubHub from $35.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded GrubHub from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. GrubHub has an average rating of “Buy” and an average target price of $62.61.
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GrubHub Company Profile
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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