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.
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.
ILLEGAL ACTIVITY NOTICE: “GrubHub Inc (GRUB) Holdings Reduced by State Board of Administration of Florida Retirement System” was reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://weekherald.com/2018/11/10/grubhub-inc-grub-holdings-reduced-by-state-board-of-administration-of-florida-retirement-system.html.
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?
Want to see what other hedge funds are holding GRUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GrubHub Inc (NYSE:GRUB).
Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.