Fmr LLC boosted its holdings in shares of GrubHub Inc (NYSE:GRUB) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,361,927 shares of the information services provider’s stock after buying an additional 44,626 shares during the period. Fmr LLC owned about 1.51% of GrubHub worth $142,880,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Lansdowne Partners UK LLP boosted its stake in shares of GrubHub by 218.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock valued at $213,454,000 after purchasing an additional 1,396,482 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of GrubHub by 7.4% in the 2nd quarter. Baillie Gifford & Co. now owns 9,304,281 shares of the information services provider’s stock valued at $976,111,000 after purchasing an additional 638,210 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of GrubHub in the 2nd quarter valued at $46,102,000. SG Americas Securities LLC boosted its stake in shares of GrubHub by 5,752.3% in the 2nd quarter. SG Americas Securities LLC now owns 428,913 shares of the information services provider’s stock valued at $44,997,000 after purchasing an additional 421,584 shares in the last quarter. Finally, Ardevora Asset Management LLP acquired a new stake in shares of GrubHub in the 2nd quarter valued at $32,346,000. Hedge funds and other institutional investors own 99.30% of the company’s stock.
Several brokerages have recently commented on GRUB. Roth Capital boosted their target price on shares of GrubHub from $100.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. KeyCorp boosted their target price on shares of GrubHub from $115.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. Stifel Nicolaus boosted their target price on shares of GrubHub from $110.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Mizuho boosted their target price on shares of GrubHub to $145.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, Oppenheimer boosted their target price on shares of GrubHub in a research note on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. GrubHub currently has an average rating of “Buy” and a consensus price target of $132.10.
In other GrubHub news, insider Maria Belousova sold 3,368 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $92.79, for a total transaction of $312,516.72. Following the completion of the sale, the insider now directly owns 857 shares of the company’s stock, valued at approximately $79,521.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stanley Chia sold 3,528 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $143.78, for a total value of $507,255.84. Following the sale, the chief operating officer now directly owns 2,194 shares of the company’s stock, valued at $315,453.32. The disclosure for this sale can be found here. Insiders sold 87,425 shares of company stock valued at $11,526,911 over the last ninety days. 1.59% of the stock is currently owned by company insiders.
GrubHub stock opened at $92.46 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.43 and a quick ratio of 3.43. GrubHub Inc has a 12-month low of $60.45 and a 12-month high of $149.35. The stock has a market capitalization of $8.62 billion, a P/E ratio of 93.95, a price-to-earnings-growth ratio of 2.93 and a beta of 1.61.
GrubHub (NYSE:GRUB) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.14. GrubHub had a return on equity of 11.09% and a net margin of 14.83%. The business had revenue of $247.23 million during the quarter, compared to analysts’ expectations of $238.19 million. As a group, sell-side analysts predict that GrubHub Inc will post 1.29 EPS for the current fiscal year.
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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.
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