Geode Capital Management LLC increased its stake in shares of GrubHub Inc (NYSE:GRUB) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 710,151 shares of the information services provider’s stock after acquiring an additional 9,176 shares during the quarter. Geode Capital Management LLC owned about 0.82% of GrubHub worth $50,988,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in GrubHub by 60.7% during the third quarter. Sei Investments Co. now owns 111,385 shares of the information services provider’s stock worth $5,866,000 after buying an additional 42,092 shares in the last quarter. Rhumbline Advisers boosted its stake in GrubHub by 4.3% during the third quarter. Rhumbline Advisers now owns 102,061 shares of the information services provider’s stock worth $5,375,000 after buying an additional 4,249 shares in the last quarter. Comerica Bank acquired a new stake in GrubHub during the third quarter worth $201,000. Russell Investments Group Ltd. boosted its stake in GrubHub by 16.2% during the third quarter. Russell Investments Group Ltd. now owns 495,349 shares of the information services provider’s stock worth $26,085,000 after buying an additional 68,934 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in GrubHub by 511.6% during the third quarter. SG Americas Securities LLC now owns 14,147 shares of the information services provider’s stock worth $745,000 after buying an additional 11,834 shares in the last quarter.
A number of equities research analysts have weighed in on the stock. Cowen reiterated an “outperform” rating on shares of GrubHub in a research note on Monday, March 12th. Roth Capital lifted their price target on shares of GrubHub from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. UBS downgraded shares of GrubHub from an “outperform” rating to a “market perform” rating in a research note on Monday, February 5th. Mizuho set a $98.00 price target on shares of GrubHub and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Credit Suisse Group set a $65.00 price target on shares of GrubHub and gave the stock a “hold” rating in a research note on Thursday, January 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub presently has a consensus rating of “Hold” and an average target price of $74.07.
GrubHub Inc (NYSE GRUB) opened at $110.53 on Friday. The stock has a market cap of $9,668.97, a PE ratio of 98.69, a P/E/G ratio of 4.15 and a beta of 1.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $112.41.
GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The business had revenue of $205.10 million for the quarter, compared to the consensus estimate of $201.55 million. GrubHub had a net margin of 14.49% and a return on equity of 8.29%. The firm’s quarterly revenue was up 49.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. analysts forecast that GrubHub Inc will post 1.15 earnings per share for the current year.
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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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