Schwab Charles Investment Management Inc. increased its stake in shares of GrubHub Inc (NYSE:GRUB) by 5.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 552,531 shares of the information services provider’s stock after acquiring an additional 26,188 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in GrubHub were worth $39,672,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Caledonia Private Investments Pty Ltd grew its holdings in GrubHub by 8.0% during the third quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after buying an additional 790,969 shares in the last quarter. Carmignac Gestion grew its holdings in GrubHub by 5.2% during the third quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock worth $275,621,000 after buying an additional 257,429 shares in the last quarter. State Street Corp grew its holdings in GrubHub by 9.9% during the second quarter. State Street Corp now owns 1,678,374 shares of the information services provider’s stock worth $73,176,000 after buying an additional 151,190 shares in the last quarter. Janus Henderson Group PLC grew its holdings in GrubHub by 58.3% during the third quarter. Janus Henderson Group PLC now owns 1,048,396 shares of the information services provider’s stock worth $55,210,000 after buying an additional 386,129 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in GrubHub by 44.4% during the third quarter. Canada Pension Plan Investment Board now owns 967,371 shares of the information services provider’s stock worth $50,942,000 after buying an additional 297,571 shares in the last quarter.

A number of research analysts have issued reports on GRUB shares. KeyCorp set a $62.00 price objective on GrubHub and gave the company a “buy” rating in a research note on Sunday, October 15th. Stifel Nicolaus upped their price objective on GrubHub from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded GrubHub from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Wells Fargo & Co restated a “hold” rating and issued a $58.00 price objective on shares of GrubHub in a research note on Thursday, October 26th. Finally, Monness Crespi & Hardt upped their price objective on GrubHub from $35.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.29.

GrubHub Inc (NYSE:GRUB) opened at $85.54 on Friday. GrubHub Inc has a 1 year low of $32.43 and a 1 year high of $94.89. The company has a market capitalization of $7,719.28, a price-to-earnings ratio of 76.38, a PEG ratio of 3.53 and a beta of 1.54.

GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $201.55 million. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The business’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. analysts predict that GrubHub Inc will post 1.22 earnings per share for the current year.

In related news, COO Stanley Chia sold 645 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.54, for a total transaction of $42,918.30. Following the sale, the chief operating officer now owns 1,215 shares of the company’s stock, valued at approximately $80,846.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam Dewitt sold 22,359 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $69.20, for a total value of $1,547,242.80. Following the sale, the chief financial officer now directly owns 17,436 shares in the company, valued at approximately $1,206,571.20. The disclosure for this sale can be found here. Insiders have sold a total of 325,212 shares of company stock worth $22,721,729 in the last three months. 2.37% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Schwab Charles Investment Management Inc. Buys 26,188 Shares of GrubHub Inc (GRUB)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2018/02/10/schwab-charles-investment-management-inc-buys-26188-shares-of-grubhub-inc-grub.html.

GrubHub 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.

Want to see what other hedge funds are holding GRUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GrubHub Inc (NYSE:GRUB).

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.