Dimensional Fund Advisors LP decreased its holdings in shares of GrubHub Inc (NYSE:GRUB) by 18.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 428,968 shares of the information services provider’s stock after selling 98,149 shares during the period. Dimensional Fund Advisors LP owned approximately 0.48% of GrubHub worth $43,527,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in GrubHub during the first quarter valued at $1,603,000. Dupont Capital Management Corp bought a new stake in GrubHub during the first quarter valued at $990,000. Mitchell Capital Management Co. bought a new stake in GrubHub during the first quarter valued at $2,290,000. BlackRock Inc. boosted its stake in GrubHub by 4.7% during the first quarter. BlackRock Inc. now owns 5,737,439 shares of the information services provider’s stock valued at $582,177,000 after buying an additional 260,107 shares during the period. Finally, Profund Advisors LLC boosted its stake in GrubHub by 1,053.1% during the fourth quarter. Profund Advisors LLC now owns 45,523 shares of the information services provider’s stock valued at $3,269,000 after buying an additional 41,575 shares during the period.
In related news, SVP Margo Drucker sold 1,641 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $100.32, for a total transaction of $164,625.12. Following the transaction, the senior vice president now owns 891 shares in the company, valued at approximately $89,385.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Maria Belousova sold 5,071 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $99.71, for a total value of $505,629.41. Following the transaction, the insider now owns 1,074 shares in the company, valued at approximately $107,088.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,259 shares of company stock worth $8,943,045. Company insiders own 2.37% of the company’s stock.
Several equities research analysts recently issued reports on GRUB shares. Canaccord Genuity lifted their price objective on GrubHub from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Craig Hallum raised their price target on GrubHub from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research report on Wednesday, April 11th. Mizuho set a $105.00 price target on GrubHub and gave the company a “buy” rating in a research report on Wednesday, April 4th. Finally, Morgan Stanley downgraded GrubHub from an “overweight” rating to an “equal weight” rating and set a $100.00 price target on the stock. in a research report on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $97.94.
GrubHub opened at $104.91 on Friday, according to MarketBeat. The stock has a market capitalization of $9.35 billion, a PE ratio of 107.05, a P/E/G ratio of 3.28 and a beta of 0.99. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.12. GrubHub Inc has a 12 month low of $42.42 and a 12 month high of $120.07.
GrubHub (NYSE:GRUB) last released its quarterly earnings data on Tuesday, May 1st. The information services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.25. The firm had revenue of $232.60 million for the quarter, compared to the consensus estimate of $229.22 million. GrubHub had a return on equity of 9.73% and a net margin of 14.75%. The company’s quarterly revenue was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. analysts predict that GrubHub Inc will post 1.31 earnings per share for the current year.
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).
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.