Reliance Trust Co. of Delaware bought a new position in shares of GrubHub Inc (NYSE:GRUB) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,035 shares of the information services provider’s stock, valued at approximately $350,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its stake in shares of GrubHub by 9.6% during the 4th quarter. Baillie Gifford & Co. now owns 9,352,030 shares of the information services provider’s stock valued at $718,330,000 after buying an additional 821,632 shares in the last quarter. BlackRock Inc. lifted its stake in shares of GrubHub by 12.6% during the 4th quarter. BlackRock Inc. now owns 4,507,175 shares of the information services provider’s stock valued at $346,197,000 after buying an additional 502,745 shares in the last quarter. Pelham Capital Ltd. lifted its stake in shares of GrubHub by 16.2% during the 1st quarter. Pelham Capital Ltd. now owns 2,646,607 shares of the information services provider’s stock valued at $183,860,000 after buying an additional 369,000 shares in the last quarter. Carmignac Gestion lifted its stake in GrubHub by 88.8% in the 4th quarter. Carmignac Gestion now owns 2,400,433 shares of the information services provider’s stock worth $184,377,000 after purchasing an additional 1,129,108 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in GrubHub by 11.9% in the 4th quarter. First Trust Advisors LP now owns 2,165,695 shares of the information services provider’s stock worth $166,347,000 after purchasing an additional 231,012 shares in the last quarter.
Several analysts have issued reports on the stock. Gordon Haskett assumed coverage on shares of GrubHub in a research note on Monday. They issued a “buy” rating and a $75.00 target price on the stock. Argus cut shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Wells Fargo & Co lowered their price objective on shares of GrubHub from $85.00 to $74.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 30th. Wedbush restated an “outperform” rating on shares of GrubHub in a research report on Monday, April 29th. Finally, Craig Hallum restated a “buy” rating and set a $100.00 price objective (down previously from $120.00) on shares of GrubHub in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $113.91.
In other GrubHub news, insider Samuel Pike Hall sold 2,818 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $75.00, for a total value of $211,350.00. Following the completion of the transaction, the insider now directly owns 940 shares in the company, valued at $70,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew M. Maloney purchased 15,416 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was purchased at an average price of $64.87 per share, with a total value of $1,000,035.92. Following the completion of the transaction, the chief executive officer now owns 13,621 shares of the company’s stock, valued at $883,594.27. The disclosure for this purchase can be found here. Insiders have sold 3,544 shares of company stock valued at $266,221 over the last 90 days. 1.88% of the stock is currently owned by company insiders.
Shares of GRUB stock traded up $1.91 during trading hours on Wednesday, reaching $68.50. The company had a trading volume of 1,987,275 shares, compared to its average volume of 2,830,729. The company has a quick ratio of 1.63, a current ratio of 1.51 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $5.76 billion, a PE ratio of 55.69, a P/E/G ratio of 3.36 and a beta of 1.18. GrubHub Inc has a one year low of $60.20 and a one year high of $149.35.
GrubHub (NYSE:GRUB) last announced its earnings results on Thursday, April 25th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.19. The company had revenue of $323.77 million during the quarter, compared to analyst estimates of $322.23 million. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. The firm’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. Analysts anticipate that GrubHub Inc will post 0.79 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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