GrubHub Inc (GRUB) Holdings Reduced by State Board of Administration of Florida Retirement System

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State Board of Administration of Florida Retirement System lowered its holdings in GrubHub Inc (NYSE:GRUB) by 0.6% during the third quarter, HoldingsChannel reports. The firm owned 118,928 shares of the information services provider’s stock after selling 726 shares during the period. State Board of Administration of Florida Retirement System’s holdings in GrubHub were worth $16,486,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GRUB. Brown Advisory Inc. acquired a new position in GrubHub in the first quarter worth $435,000. State of Alaska Department of Revenue lifted its stake in shares of GrubHub by 72.6% during the second quarter. State of Alaska Department of Revenue now owns 46,700 shares of the information services provider’s stock valued at $4,898,000 after acquiring an additional 19,650 shares during the period. Xact Kapitalforvaltning AB lifted its stake in shares of GrubHub by 15.6% during the second quarter. Xact Kapitalforvaltning AB now owns 12,581 shares of the information services provider’s stock valued at $1,320,000 after acquiring an additional 1,700 shares during the period. Bank of Montreal Can lifted its stake in shares of GrubHub by 199.1% during the second quarter. Bank of Montreal Can now owns 15,141 shares of the information services provider’s stock valued at $1,588,000 after acquiring an additional 10,079 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in shares of GrubHub by 7.4% during the second quarter. Baillie Gifford & Co. now owns 9,304,281 shares of the information services provider’s stock valued at $976,111,000 after acquiring an additional 638,210 shares during the period. 99.30% of the stock is currently owned by institutional investors.

In other GrubHub news, SVP Margo Drucker sold 1,237 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $144.00, for a total value of $178,128.00. Following the completion of the sale, the senior vice president now directly owns 892 shares in the company, valued at $128,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Adam Dewitt sold 4,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $144.27, for a total value of $577,080.00. Following the completion of the sale, the chief financial officer now owns 18,486 shares of the company’s stock, valued at $2,666,975.22. The disclosure for this sale can be found here. Insiders sold 65,479 shares of company stock valued at $8,670,611 in the last quarter. 2.37% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on GRUB. Wedbush began coverage on GrubHub in a research note on Thursday, September 13th. They set an “outperform” rating and a $180.00 price target on the stock. Argus upped their price target on GrubHub from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, September 14th. They noted that the move was a valuation call. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Craig Hallum upped their price target on GrubHub from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, Credit Suisse Group upped their price target on GrubHub from $99.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $132.10.

NYSE GRUB opened at $88.96 on Friday. The stock has a market capitalization of $8.54 billion, a P/E ratio of 90.78, a P/E/G ratio of 2.89 and a beta of 1.61. The company has a quick ratio of 3.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. GrubHub Inc has a 12 month low of $61.43 and a 12 month high of $149.35.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Thursday, October 25th. The information services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. The business had revenue of $247.23 million during the quarter, compared to the consensus estimate of $238.19 million. GrubHub had a return on equity of 10.64% and a net margin of 14.83%. On average, equities research analysts predict that GrubHub Inc will post 1.29 EPS for the current year.

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GrubHub Company Profile

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.

Further Reading: What are Closed-End Mutual Funds?

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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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