Pelham Capital Ltd. reduced its stake in shares of GrubHub Inc (NYSE:GRUB) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,186,607 shares of the information services provider’s stock after selling 460,000 shares during the quarter. GrubHub makes up about 24.6% of Pelham Capital Ltd.’s holdings, making the stock its 2nd biggest holding. Pelham Capital Ltd. owned about 2.40% of GrubHub worth $219,667,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of GRUB. Geode Capital Management LLC raised its position in GrubHub by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 840,976 shares of the information services provider’s stock worth $64,549,000 after purchasing an additional 48,515 shares in the last quarter. Virtu Financial LLC acquired a new position in GrubHub in the first quarter worth about $355,000. Gulf International Bank UK Ltd raised its position in GrubHub by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 23,060 shares of the information services provider’s stock worth $1,601,000 after purchasing an additional 380 shares in the last quarter. CWM LLC acquired a new position in GrubHub in the first quarter worth about $3,963,000. Finally, Chicago Capital LLC raised its position in GrubHub by 2.1% in the first quarter. Chicago Capital LLC now owns 168,763 shares of the information services provider’s stock worth $11,724,000 after purchasing an additional 3,539 shares in the last quarter.
In other GrubHub news, CFO Adam Dewitt sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $75.45, for a total value of $150,900.00. Following the transaction, the chief financial officer now directly owns 44,044 shares of the company’s stock, valued at $3,323,119.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Samuel Pike Hall sold 704 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $75.45, for a total transaction of $53,116.80. Following the completion of the transaction, the insider now directly owns 1,175 shares in the company, valued at $88,653.75. The disclosure for this sale can be found here. Insiders have sold 26,511 shares of company stock worth $1,939,926 over the last three months. 1.88% of the stock is owned by insiders.
Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of GrubHub from $62.00 to $69.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating and set a $84.00 price target for the company. in a research report on Wednesday, July 31st. Gordon Haskett assumed coverage on shares of GrubHub in a research report on Monday, May 20th. They issued a “buy” rating and a $75.00 price target for the company. JMP Securities dropped their price target on shares of GrubHub to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $90.00 price objective on shares of GrubHub in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. GrubHub presently has a consensus rating of “Buy” and a consensus price target of $96.14.
Shares of GRUB traded up $1.39 during mid-day trading on Friday, hitting $59.94. 2,344,900 shares of the company traded hands, compared to its average volume of 3,685,092. GrubHub Inc has a one year low of $57.37 and a one year high of $149.35. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $72.50 and a 200 day moving average of $71.82. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 3.39 and a beta of 1.21.
GrubHub (NYSE:GRUB) last released its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.13. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. The business had revenue of $325.06 million for the quarter, compared to analysts’ expectations of $317.39 million. During the same period in the prior year, the firm earned $0.50 earnings per share. GrubHub’s revenue was up 35.6% compared to the same quarter last year. As a group, analysts anticipate that GrubHub Inc will post 0.71 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 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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