13,500 Shares in GrubHub Inc. (GRUB) Acquired by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc bought a new position in shares of GrubHub Inc. (NYSE:GRUB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 13,500 shares of the information services provider’s stock, valued at approximately $711,000.
A number of other hedge funds also recently made changes to their positions in GRUB. PNC Financial Services Group Inc. raised its holdings in shares of GrubHub by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of GrubHub in the second quarter valued at approximately $146,000. Chicago Partners Investment Group LLC acquired a new stake in shares of GrubHub in the second quarter valued at approximately $154,000. Finally, Asset Dedication LLC acquired a new stake in shares of GrubHub in the third quarter valued at approximately $165,000.
Shares of GrubHub Inc. (NYSE GRUB) traded up $0.33 during midday trading on Tuesday, reaching $65.03. The company’s stock had a trading volume of 632,000 shares, compared to its average volume of 2,010,235. The firm has a market capitalization of $5,630.00, a P/E ratio of 74.37, a price-to-earnings-growth ratio of 3.55 and a beta of 1.64. GrubHub Inc. has a 12-month low of $32.43 and a 12-month high of $65.08.
GrubHub (NYSE:GRUB) last issued its earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. analysts predict that GrubHub Inc. will post 0.88 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on GRUB. Canaccord Genuity reiterated a “buy” rating and issued a $50.00 price objective on shares of GrubHub in a report on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. BidaskClub raised shares of GrubHub from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Cowen and Company reissued an “outperform” rating and issued a $54.00 target price on shares of GrubHub in a research note on Wednesday, August 9th. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 target price (down from $63.00) on shares of GrubHub in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $58.61.
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In other news, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.14, for a total transaction of $319,625.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $51.13, for a total value of $255,650.00. Following the sale, the chief financial officer now owns 20,114 shares in the company, valued at $1,028,428.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 437,794 shares of company stock valued at $25,423,822. Insiders own 2.37% of the company’s stock.
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.
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