SG Americas Securities LLC grew its stake in shares of GrubHub Inc (NYSE:GRUB) by 511.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,147 shares of the information services provider’s stock after purchasing an additional 11,834 shares during the period. SG Americas Securities LLC’s holdings in GrubHub were worth $745,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caledonia Private Investments Pty Ltd lifted its stake in shares of GrubHub by 3.4% in the second quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock worth $432,159,000 after buying an additional 329,401 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of GrubHub by 1.7% in the second quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after buying an additional 142,445 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of GrubHub by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after buying an additional 203,802 shares in the last quarter. BlackRock Inc. lifted its stake in shares of GrubHub by 4.3% in the second quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after buying an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion raised its holdings in shares of GrubHub by 55.4% during the second quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after purchasing an additional 1,773,959 shares during the last quarter.
In related news, COO Stanley Chia sold 645 shares of GrubHub stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $53.57, for a total value of $34,552.65. Following the completion of the sale, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $65,087.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew M. Maloney sold 59,880 shares of GrubHub stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $55.75, for a total transaction of $3,338,310.00. The disclosure for this sale can be found here. Insiders sold a total of 330,041 shares of company stock worth $19,985,032 over the last 90 days. Company insiders own 2.37% of the company’s stock.
GrubHub (NYSE:GRUB) last posted its earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $163.10 million for the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. analysts expect that GrubHub Inc will post 0.89 EPS for the current year.
A number of brokerages have commented on GRUB. KeyCorp set a $80.00 target price on shares of GrubHub and gave the company a “buy” rating in a report on Monday, December 11th. Cowen reaffirmed an “outperform” rating and set a $78.00 target price (up from $65.00) on shares of GrubHub in a report on Friday, December 1st. Craig Hallum reiterated a “buy” rating and issued a $80.00 price target (up from $70.00) on shares of GrubHub in a research report on Tuesday, November 21st. Zacks Investment Research lowered shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, DA Davidson reiterated a “hold” rating and issued a $50.00 price target (up from $48.00) on shares of GrubHub in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.96.
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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