Connor Clark & Lunn Investment Management Ltd. Has $5.31 Million Holdings in GrubHub Inc (GRUB)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of GrubHub Inc (NYSE:GRUB) by 83.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,325 shares of the information services provider’s stock after acquiring an additional 17,425 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in GrubHub were worth $5,313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC grew its stake in shares of GrubHub by 287.6% during the third quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock valued at $134,000 after buying an additional 719 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of GrubHub during the third quarter valued at approximately $146,000. Massey Quick Simon & CO. LLC bought a new position in shares of GrubHub during the second quarter valued at approximately $147,000. OLD National Bancorp IN bought a new position in shares of GrubHub during the third quarter valued at approximately $203,000. Finally, IBM Retirement Fund bought a new position in shares of GrubHub during the third quarter valued at approximately $203,000. 92.49% of the stock is currently owned by institutional investors.

Shares of NYSE GRUB opened at $78.29 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $7.10 billion, a P/E ratio of 52.90, a PEG ratio of 2.43 and a beta of 1.57. GrubHub Inc has a 52-week low of $65.14 and a 52-week high of $149.35.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. The firm had revenue of $247.23 million during the quarter, compared to analyst estimates of $238.19 million. GrubHub had a return on equity of 10.64% and a net margin of 14.83%. Analysts anticipate that GrubHub Inc will post 1.29 EPS for the current year.

A number of research firms have recently commented on GRUB. Wedbush reaffirmed an “outperform” rating and set a $150.00 target price on shares of GrubHub in a research note on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 target price (down previously from $108.00) on shares of GrubHub in a research note on Tuesday, November 20th. Zacks Investment Research reaffirmed a “hold” rating on shares of GrubHub in a research note on Tuesday, November 13th. Argus cut their target price on GrubHub from $170.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Finally, TheStreet cut GrubHub from a “b” rating to a “c+” rating in a research note on Monday, October 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. GrubHub currently has a consensus rating of “Buy” and an average target price of $129.95.

In other GrubHub news, COO Stanley Chia sold 3,528 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $143.78, for a total transaction of $507,255.84. Following the completion of the sale, the chief operating officer now owns 2,194 shares in the company, valued at $315,453.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Adam Dewitt sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $144.27, for a total value of $577,080.00. Following the sale, the chief financial officer now owns 18,486 shares of the company’s stock, valued at approximately $2,666,975.22. The disclosure for this sale can be found here. Insiders sold 58,623 shares of company stock valued at $7,767,907 in the last quarter. 1.59% of the stock is owned by company insiders.

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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.

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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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