Grubhub (GRUB) Position Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in Grubhub (NYSE:GRUB) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 580,327 shares of the information services provider’s stock after purchasing an additional 27,796 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.67% of Grubhub worth $58,886,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GRUB. First Trust Advisors LP raised its position in Grubhub by 996.8% in the 4th quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock worth $115,624,000 after purchasing an additional 1,463,539 shares during the period. Caledonia Private Investments Pty Ltd raised its position in Grubhub by 4.2% in the 4th quarter. Caledonia Private Investments Pty Ltd now owns 11,157,204 shares of the information services provider’s stock worth $801,087,000 after purchasing an additional 454,325 shares during the period. Stephens Investment Management Group LLC purchased a new stake in Grubhub in the 4th quarter worth about $27,998,000. Standard Life Aberdeen plc purchased a new stake in Grubhub in the 4th quarter worth about $22,394,000. Finally, Emerald Advisers Inc. PA purchased a new stake in Grubhub in the 4th quarter worth about $20,518,000.

In related news, SVP Margo Drucker sold 9,092 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $96.36, for a total transaction of $876,105.12. Following the completion of the sale, the senior vice president now owns 9,192 shares of the company’s stock, valued at $885,741.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stanley Chia sold 3,528 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $99.64, for a total transaction of $351,529.92. Following the sale, the chief operating officer now directly owns 3,127 shares of the company’s stock, valued at approximately $311,574.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,000 shares of company stock worth $7,597,968. Insiders own 2.37% of the company’s stock.

NYSE GRUB opened at $103.80 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.10 and a current ratio of 2.10. Grubhub has a 52-week low of $41.35 and a 52-week high of $112.41. The company has a market cap of $9.33 billion, a PE ratio of 105.92, a price-to-earnings-growth ratio of 3.41 and a beta of 0.98.

Grubhub (NYSE:GRUB) last released its quarterly earnings data on Tuesday, May 1st. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.25. Grubhub had a net margin of 14.75% and a return on equity of 9.73%. The firm had revenue of $232.60 million for the quarter, compared to the consensus estimate of $229.22 million. During the same period last year, the firm earned $0.29 earnings per share. The company’s quarterly revenue was up 49.0% on a year-over-year basis. equities analysts predict that Grubhub will post 1.3 earnings per share for the current year.

GRUB has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on shares of Grubhub from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 2nd. Canaccord Genuity upped their target price on shares of Grubhub from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Credit Suisse Group upped their target price on shares of Grubhub from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 2nd. Craig Hallum upped their target price on shares of Grubhub from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Finally, Wells Fargo restated a “hold” rating and issued a $90.00 target price on shares of Grubhub in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Grubhub currently has an average rating of “Hold” and a consensus price target of $92.16.

About Grubhub

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 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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Institutional Ownership by Quarter for Grubhub (NYSE:GRUB)

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