GrubHub Inc (GRUB) Shares Bought by Rhumbline Advisers
Rhumbline Advisers grew its position in GrubHub Inc (NASDAQ:GRUB) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,812 shares of the information services provider’s stock after acquiring an additional 2,638 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of GrubHub worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chicago Partners Investment Group LLC bought a new stake in shares of GrubHub in the 2nd quarter valued at approximately $154,000. Karp Capital Management Corp bought a new stake in shares of GrubHub in the 1st quarter valued at approximately $214,000. Global Endowment Management LP increased its holdings in shares of GrubHub by 9.4% in the 1st quarter. Global Endowment Management LP now owns 6,520 shares of the information services provider’s stock valued at $215,000 after acquiring an additional 560 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of GrubHub by 22.5% in the 1st quarter. Prudential Financial Inc. now owns 7,300 shares of the information services provider’s stock valued at $240,000 after acquiring an additional 1,340 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of GrubHub in the 1st quarter valued at approximately $252,000.
GrubHub Inc (NASDAQ GRUB) opened at 56.06 on Monday. The stock has a 50 day moving average price of $51.25 and a 200 day moving average price of $42.57. The company has a market cap of $4.84 billion and a PE ratio of 82.44. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $57.28.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The firm had revenue of $158.79 million during the quarter, compared to analysts’ expectations of $158.13 million. Equities analysts forecast that GrubHub Inc will post $1.10 earnings per share for the current year.
A number of equities research analysts have recently weighed in on GRUB shares. Stifel Nicolaus set a $53.00 price target on GrubHub and gave the company a “buy” rating in a report on Thursday, August 3rd. Wedbush set a $55.00 price target on GrubHub and gave the company a “buy” rating in a report on Friday, August 4th. Cowen and Company reiterated an “outperform” rating and issued a $54.00 price target on shares of GrubHub in a report on Wednesday, August 9th. BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $50.00 price target on shares of GrubHub in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.41.
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In related news, SVP Margo Drucker sold 1,054 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $43.86, for a total transaction of $46,228.44. Following the completion of the sale, the senior vice president now directly owns 1,291 shares of the company’s stock, valued at approximately $56,623.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stanley Chia sold 837 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $43.54, for a total value of $36,442.98. Following the sale, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $52,901.10. The disclosure for this sale can be found here. Insiders have sold a total of 387,922 shares of company stock valued at $20,086,719 over the last ninety days.
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.
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