Cim LLC Takes Position in GrubHub Inc (GRUB)

Cim LLC purchased a new stake in shares of GrubHub Inc (NYSE:GRUB) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,465 shares of the information services provider’s stock, valued at approximately $536,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio grew its position in shares of GrubHub by 13.3% during the 4th quarter. Strs Ohio now owns 16,200 shares of the information services provider’s stock valued at $1,163,000 after purchasing an additional 1,900 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its position in shares of GrubHub by 27.4% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 302,843 shares of the information services provider’s stock valued at $21,744,000 after purchasing an additional 65,146 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of GrubHub during the 4th quarter valued at $1,487,000. Barton Investment Management grew its position in GrubHub by 0.8% in the fourth quarter. Barton Investment Management now owns 572,030 shares of the information services provider’s stock worth $41,072,000 after acquiring an additional 4,410 shares in the last quarter. Finally, Westpac Banking Corp grew its position in GrubHub by 32.0% in the fourth quarter. Westpac Banking Corp now owns 28,520 shares of the information services provider’s stock worth $2,048,000 after acquiring an additional 6,920 shares in the last quarter.

In related news, CEO Matthew M. Maloney sold 37,283 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $64.58, for a total transaction of $2,407,736.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew M. Maloney sold 15,637 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $64.16, for a total transaction of $1,003,269.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 376,523 shares of company stock valued at $27,187,995. Insiders own 2.37% of the company’s stock.

Shares of GrubHub Inc (NYSE:GRUB) traded up $5.42 during trading hours on Wednesday, hitting $93.39. 2,580,000 shares of the stock traded hands, compared to its average volume of 2,070,000. The company has a market capitalization of $8,100.00, a P/E ratio of 83.38, a price-to-earnings-growth ratio of 2.97 and a beta of 1.54. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $94.89.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $205.10 million during the quarter, compared to the consensus estimate of $201.55 million. GrubHub had a net margin of 14.49% and a return on equity of 8.47%. The company’s quarterly revenue was up 49.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. equities research analysts forecast that GrubHub Inc will post 1.26 earnings per share for the current year.

GRUB has been the subject of several research reports. Barclays upped their target price on shares of GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Wells Fargo & Co reiterated a “hold” rating and issued a $58.00 target price on shares of GrubHub in a research report on Thursday, October 26th. DA Davidson reiterated a “hold” rating and issued a $50.00 target price (up from $48.00) on shares of GrubHub in a research report on Friday, October 27th. Wedbush lowered shares of GrubHub from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $65.00 to $70.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Finally, Oppenheimer upped their target price on shares of GrubHub to $80.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. GrubHub has an average rating of “Hold” and a consensus target price of $74.07.

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About GrubHub

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.

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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