Vanguard Group Inc. increased its stake in shares of GrubHub Inc (NASDAQ:GRUB) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,748,946 shares of the information services provider’s stock after buying an additional 281,024 shares during the period. Vanguard Group Inc. owned about 7.86% of GrubHub worth $221,973,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GRUB. Alliancebernstein L.P. raised its position in GrubHub by 1,761.3% in the first quarter. Alliancebernstein L.P. now owns 2,343,605 shares of the information services provider’s stock worth $77,081,000 after buying an additional 2,217,695 shares during the period. JPMorgan Chase & Co. raised its position in GrubHub by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 3,095,577 shares of the information services provider’s stock worth $101,814,000 after buying an additional 387,276 shares during the period. Bank of New York Mellon Corp raised its position in GrubHub by 94.4% in the first quarter. Bank of New York Mellon Corp now owns 659,373 shares of the information services provider’s stock worth $21,686,000 after buying an additional 320,115 shares during the period. Wellington Management Group LLP raised its position in GrubHub by 14.3% in the first quarter. Wellington Management Group LLP now owns 1,915,048 shares of the information services provider’s stock worth $62,986,000 after buying an additional 239,762 shares during the period. Finally, Capital Fund Management S.A. raised its position in GrubHub by 2,589.7% in the first quarter. Capital Fund Management S.A. now owns 245,028 shares of the information services provider’s stock worth $8,059,000 after buying an additional 235,918 shares during the period.

Shares of GrubHub Inc (NASDAQ GRUB) traded down 1.53% on Tuesday, reaching $56.09. The company had a trading volume of 2,925,369 shares. The company’s 50 day moving average price is $45.47 and its 200-day moving average price is $40.47. The stock has a market capitalization of $4.84 billion and a P/E ratio of 84.98. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $56.98.

GrubHub (NASDAQ:GRUB) last announced its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. Equities analysts predict that GrubHub Inc will post $1.10 EPS for the current year.

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A number of research firms have recently weighed in on GRUB. Maxim Group reaffirmed a “hold” rating on shares of GrubHub in a research note on Thursday, April 27th. Cowen and Company reiterated a “hold” rating on shares of GrubHub in a research report on Sunday, April 30th. Roth Capital reiterated a “buy” rating on shares of GrubHub in a research report on Monday, May 22nd. Pacific Crest reiterated an “overweight” rating and issued a $50.00 target price on shares of GrubHub in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus boosted their target price on GrubHub from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.87.

In other GrubHub news, CEO Matthew M. Maloney sold 52,656 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $48.02, for a total value of $2,528,541.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam Dewitt sold 2,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $44.95, for a total transaction of $89,900.00. Following the completion of the transaction, the chief financial officer now owns 26,890 shares of the company’s stock, valued at approximately $1,208,705.50. The disclosure for this sale can be found here. In the last three months, insiders sold 189,026 shares of company stock worth $8,875,634.

GrubHub Company Profile

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

Institutional Ownership by Quarter for GrubHub (NASDAQ:GRUB)

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