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.

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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