Coronation Fund Managers Ltd. boosted its holdings in shares of GrubHub Inc (NYSE:GRUB) by 42.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,700 shares of the information services provider’s stock after buying an additional 34,630 shares during the quarter. Coronation Fund Managers Ltd. owned approximately 0.13% of GrubHub worth $9,023,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in GRUB. Clearbridge Investments LLC lifted its holdings in shares of GrubHub by 257.6% in the first quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock worth $418,821,000 after buying an additional 4,342,673 shares in the last quarter. BlackRock Inc. grew its holdings in shares of GrubHub by 0.5% in the first quarter. BlackRock Inc. now owns 4,529,013 shares of the information services provider’s stock worth $314,632,000 after purchasing an additional 21,838 shares during the last quarter. Pelham Capital Ltd. grew its holdings in GrubHub by 16.2% during the 1st quarter. Pelham Capital Ltd. now owns 2,646,607 shares of the information services provider’s stock worth $183,860,000 after acquiring an additional 369,000 shares in the last quarter. FMR LLC grew its holdings in GrubHub by 83.4% during the 4th quarter. FMR LLC now owns 1,898,751 shares of the information services provider’s stock worth $145,843,000 after acquiring an additional 863,674 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in GrubHub by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 840,976 shares of the information services provider’s stock worth $64,549,000 after acquiring an additional 48,515 shares in the last quarter.
In other GrubHub news, SVP Margo Drucker sold 15,489 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $74.99, for a total value of $1,161,520.11. Following the transaction, the senior vice president now owns 12,574 shares in the company, valued at $942,924.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samuel Pike Hall sold 704 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $75.45, for a total value of $53,116.80. Following the completion of the transaction, the insider now owns 1,175 shares in the company, valued at approximately $88,653.75. The disclosure for this sale can be found here. Insiders sold a total of 18,740 shares of company stock worth $1,403,362 in the last three months. Company insiders own 1.88% of the company’s stock.
Shares of GRUB traded down $0.78 during mid-day trading on Monday, hitting $68.93. The stock had a trading volume of 13,599 shares, compared to its average volume of 2,288,809. The stock has a market capitalization of $6.36 billion, a P/E ratio of 56.11, a PEG ratio of 3.50 and a beta of 1.22. The company’s fifty day moving average price is $74.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.51 and a current ratio of 1.51. GrubHub Inc has a fifty-two week low of $60.20 and a fifty-two week high of $149.35.
GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.13. The business had revenue of $325.06 million for the quarter, compared to the consensus estimate of $317.39 million. GrubHub had a return on equity of 4.27% and a net margin of 2.17%. The business’s revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. On average, equities analysts anticipate that GrubHub Inc will post 0.71 earnings per share for the current year.
Several analysts have commented on GRUB shares. Citigroup raised shares of GrubHub from a “neutral” rating to a “buy” rating and increased their price target for the company from $75.00 to $91.00 in a research report on Tuesday, June 25th. Morgan Stanley cut their price target on shares of GrubHub from $72.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 31st. Credit Suisse Group dropped their price objective on shares of GrubHub from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Gordon Haskett assumed coverage on shares of GrubHub in a research note on Monday, May 20th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Argus cut shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $96.14.
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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
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