Maverick Capital Ltd. bought a new stake in shares of GrubHub Inc (NASDAQ:GRUB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,170 shares of the information services provider’s stock, valued at approximately $1,315,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in GrubHub by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 14,125 shares of the information services provider’s stock valued at $616,000 after acquiring an additional 36 shares during the period. Renaissance Group LLC lifted its position in GrubHub by 0.9% during the 2nd quarter. Renaissance Group LLC now owns 8,856 shares of the information services provider’s stock valued at $386,000 after acquiring an additional 80 shares during the period. PNC Financial Services Group Inc. lifted its position in GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after acquiring an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 285 shares during the period. Finally, Global Endowment Management LP lifted its position in GrubHub by 9.4% during 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 period.

A number of research analysts recently issued reports on GRUB shares. KeyCorp reissued a “buy” rating and set a $62.00 price target (up from $56.00) on shares of GrubHub in a research report on Wednesday, September 6th. Morgan Stanley cut shares of GrubHub from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $47.00 to $43.00 in a research report on Monday, June 26th. Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Credit Suisse Group cut shares of GrubHub from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $50.00 to $53.00 in a research report on Monday, September 11th. Finally, Cowen and Company reissued an “outperform” rating and set a $54.00 price target on shares of GrubHub in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. GrubHub currently has an average rating of “Buy” and an average target price of $53.67.

In related news, CEO Matthew M. Maloney sold 6,250 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $46.06, for a total value of $287,875.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Maria Belousova sold 1,266 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $45.13, for a total transaction of $57,134.58. Following the completion of the transaction, the insider now directly owns 1,266 shares of the company’s stock, valued at $57,134.58. The disclosure for this sale can be found here. Insiders sold a total of 389,723 shares of company stock valued at $20,612,266 over the last ninety days.

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Shares of GrubHub Inc (NASDAQ GRUB) traded down 1.33% during mid-day trading on Friday, hitting $51.29. 2,330,002 shares of the stock were exchanged. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $57.61. The stock has a 50-day moving average price of $54.22 and a 200 day moving average price of $45.75. The firm has a market cap of $4.43 billion and a price-to-earnings ratio of 75.43.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm had revenue of $158.79 million during the quarter, compared to analyst estimates of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, equities research analysts expect that GrubHub Inc will post $1.09 earnings per share for the current year.

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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