Atria Investments LLC purchased a new position in GrubHub Inc (NYSE:GRUB) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,860 shares of the information services provider’s stock, valued at approximately $457,000.
Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in GrubHub by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 840,976 shares of the information services provider’s stock valued at $64,549,000 after purchasing an additional 48,515 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of GrubHub by 45.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,224 shares of the information services provider’s stock worth $293,000 after acquiring an additional 1,323 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of GrubHub by 78.1% during the first quarter. Oppenheimer & Co. Inc. now owns 5,251 shares of the information services provider’s stock worth $365,000 after acquiring an additional 2,303 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of GrubHub by 12.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,661 shares of the information services provider’s stock worth $810,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of GrubHub by 12.3% during the first quarter. Janus Henderson Group PLC now owns 785,672 shares of the information services provider’s stock worth $54,581,000 after acquiring an additional 86,234 shares during the last quarter.
In related news, insider Samuel Pike Hall sold 704 shares of GrubHub stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $75.45, for a total value of $53,116.80. Following the sale, the insider now owns 1,175 shares of the company’s stock, valued at approximately $88,653.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Margo Drucker sold 587 shares of GrubHub stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $60.00, for a total value of $35,220.00. Following the completion of the sale, the senior vice president now directly owns 8,315 shares in the company, valued at approximately $498,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,615 shares of company stock worth $2,002,617. 1.88% of the stock is owned by company insiders.
Several research firms have recently commented on GRUB. ValuEngine upgraded shares of GrubHub from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Gordon Haskett initiated coverage on shares of GrubHub in a report on Monday, May 20th. They issued a “buy” rating and a $75.00 price objective for the company. Stifel Nicolaus set a $105.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a report on Friday, September 6th. Barclays upped their price target on shares of GrubHub from $62.00 to $69.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Finally, Citigroup upgraded GrubHub from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $75.00 to $91.00 in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $95.45.
GRUB stock traded down $0.60 during midday trading on Friday, hitting $66.50. The stock had a trading volume of 226,325 shares, compared to its average volume of 1,784,107. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $64.11 and a 200 day simple moving average of $69.11. GrubHub Inc has a 52 week low of $55.61 and a 52 week high of $149.35. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 54.07, a P/E/G ratio of 3.70 and a beta of 1.25.
GrubHub (NYSE:GRUB) last announced its earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.13. GrubHub had a return on equity of 4.25% and a net margin of 2.17%. The company had revenue of $325.06 million during the quarter, compared to analyst estimates of $317.39 million. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities analysts forecast that GrubHub Inc will post 0.69 EPS for the current year.
Grubhub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
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