GrubHub Inc (GRUB) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in GrubHub Inc (NYSE:GRUB) by 3.3% in the first quarter, Holdings Channel reports. The institutional investor owned 130,967 shares of the information services provider’s stock after selling 4,511 shares during the quarter. California State Teachers Retirement System’s holdings in GrubHub were worth $13,289,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. California Public Employees Retirement System increased its stake in GrubHub by 8.2% during the fourth quarter. California Public Employees Retirement System now owns 173,724 shares of the information services provider’s stock valued at $12,473,000 after purchasing an additional 13,124 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in GrubHub during the fourth quarter valued at $202,000. BlackRock Inc. increased its stake in GrubHub by 2.6% during the fourth quarter. BlackRock Inc. now owns 5,477,332 shares of the information services provider’s stock valued at $393,274,000 after purchasing an additional 140,964 shares during the last quarter. Suntrust Banks Inc. bought a new stake in GrubHub during the fourth quarter valued at $506,000. Finally, OppenheimerFunds Inc. increased its stake in GrubHub by 3.7% during the fourth quarter. OppenheimerFunds Inc. now owns 226,789 shares of the information services provider’s stock valued at $16,283,000 after purchasing an additional 8,012 shares during the last quarter.

Several analysts have weighed in on the stock. Wells Fargo & Co reiterated a “hold” rating and set a $90.00 target price on shares of GrubHub in a research note on Wednesday, May 2nd. ValuEngine upgraded shares of GrubHub from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Morgan Stanley lowered shares of GrubHub from an “overweight” rating to an “equal weight” rating and set a $100.00 target price for the company. in a research note on Wednesday, April 18th. Zacks Investment Research lowered shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Barclays boosted their target price on shares of GrubHub from $73.00 to $75.00 and gave the company an “underweight” rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $97.94.

In related news, CEO Matthew M. Maloney sold 3,125 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $96.06, for a total value of $300,187.50. Following the completion of the sale, the chief executive officer now owns 4,302 shares of the company’s stock, valued at $413,250.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Richman sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $93.95, for a total transaction of $939,500.00. Following the completion of the sale, the director now directly owns 11,528 shares of the company’s stock, valued at approximately $1,083,055.60. The disclosure for this sale can be found here. Insiders sold 85,134 shares of company stock valued at $8,616,420 in the last ninety days. Corporate insiders own 2.37% of the company’s stock.

GRUB stock opened at $106.98 on Monday. The stock has a market capitalization of $9.97 billion, a P/E ratio of 109.16, a P/E/G ratio of 3.50 and a beta of 0.99. GrubHub Inc has a fifty-two week low of $42.42 and a fifty-two week high of $120.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.10 and a quick ratio of 2.10.

GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Tuesday, May 1st. The information services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.25. The business had revenue of $232.60 million during the quarter, compared to the consensus estimate of $229.22 million. GrubHub had a net margin of 14.75% and a return on equity of 9.73%. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. analysts anticipate that GrubHub Inc will post 1.31 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 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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).

Institutional Ownership by Quarter for GrubHub (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.


Leave a Reply