Luxor Capital Group LP cut its stake in GrubHub Inc (NYSE:GRUB) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,737,012 shares of the information services provider’s stock after selling 706,590 shares during the quarter. GrubHub comprises approximately 3.5% of Luxor Capital Group LP’s investment portfolio, making the stock its 5th biggest position. Luxor Capital Group LP owned about 2.00% of GrubHub worth $124,717,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of GRUB. Caledonia Private Investments Pty Ltd grew its holdings in shares of GrubHub by 4.2% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 11,157,204 shares of the information services provider’s stock worth $801,087,000 after purchasing an additional 454,325 shares during the period. BlackRock Inc. grew its holdings in shares of GrubHub by 2.6% during the 4th quarter. BlackRock Inc. now owns 5,477,332 shares of the information services provider’s stock worth $393,274,000 after purchasing an additional 140,964 shares during the period. Carmignac Gestion grew its holdings in shares of GrubHub by 5.2% during the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock worth $275,621,000 after purchasing an additional 257,429 shares during the period. First Trust Advisors LP grew its holdings in shares of GrubHub by 996.8% during the 4th quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock worth $115,624,000 after purchasing an additional 1,463,539 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of GrubHub by 58.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,048,396 shares of the information services provider’s stock worth $55,210,000 after purchasing an additional 386,129 shares during the period.
GRUB stock opened at $109.81 on Wednesday. GrubHub Inc has a twelve month low of $32.43 and a twelve month high of $112.41. The company has a market capitalization of $9,488.48, a PE ratio of 98.64, a P/E/G ratio of 4.07 and a beta of 1.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15.
GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The business had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $201.55 million. GrubHub had a return on equity of 8.29% and a net margin of 14.49%. The business’s quarterly revenue was up 49.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. equities analysts anticipate that GrubHub Inc will post 1.15 earnings per share for the current fiscal year.
GRUB has been the subject of a number of research analyst reports. KeyCorp set a $80.00 price target on GrubHub and gave the stock a “buy” rating in a report on Monday, December 11th. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Tuesday, January 9th. Wedbush cut GrubHub from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $65.00 to $70.00 in a report on Monday, January 8th. They noted that the move was a valuation call. Guggenheim initiated coverage on GrubHub in a report on Monday, February 12th. They set a “buy” rating and a $85.54 price target for the company. Finally, Barclays cut GrubHub from an “equal weight” rating to an “underweight” rating and set a $56.00 price target for the company. in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub presently has a consensus rating of “Hold” and a consensus target price of $75.53.
In other news, CFO Adam Dewitt sold 6,722 shares of GrubHub stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $70.92, for a total value of $476,724.24. Following the completion of the transaction, the chief financial officer now owns 18,444 shares in the company, valued at approximately $1,308,048.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew M. Maloney sold 56,250 shares of GrubHub stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $71.09, for a total value of $3,998,812.50. The disclosure for this sale can be found here. Insiders sold a total of 318,101 shares of company stock valued at $24,359,568 in the last quarter. Company insiders own 2.37% of the company’s stock.
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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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