Dynamic Technology Lab Private Ltd lifted its position in shares of GrubHub Inc (NYSE:GRUB) by 372.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,666 shares of the information services provider’s stock after acquiring an additional 9,197 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in GrubHub were worth $1,617,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Lansdowne Partners UK LLP grew its position in GrubHub by 218.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock valued at $213,454,000 after buying an additional 1,396,482 shares in the last quarter. Millennium Management LLC bought a new position in GrubHub in the 2nd quarter valued at about $46,102,000. SG Americas Securities LLC grew its position in GrubHub by 5,752.3% in the 2nd quarter. SG Americas Securities LLC now owns 428,913 shares of the information services provider’s stock valued at $44,997,000 after buying an additional 421,584 shares in the last quarter. Allianz Asset Management GmbH grew its position in GrubHub by 1,042.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 315,848 shares of the information services provider’s stock valued at $43,783,000 after buying an additional 288,202 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in GrubHub in the 2nd quarter valued at about $26,114,000. Institutional investors and hedge funds own 92.49% of the company’s stock.
Shares of NYSE GRUB opened at $76.80 on Friday. GrubHub Inc has a twelve month low of $66.07 and a twelve month high of $149.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 55.01, a price-to-earnings-growth ratio of 2.53 and a beta of 1.56.
GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.14. GrubHub had a net margin of 14.83% and a return on equity of 10.64%. The company had revenue of $247.23 million during the quarter, compared to the consensus estimate of $238.19 million. On average, equities research analysts forecast that GrubHub Inc will post 1.29 EPS for the current year.
In other GrubHub news, SVP Margo Drucker sold 1,666 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $136.82, for a total transaction of $227,942.12. Following the completion of the sale, the senior vice president now directly owns 1,766 shares of the company’s stock, valued at $241,624.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Adam Dewitt sold 2,250 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $145.68, for a total transaction of $327,780.00. Following the sale, the chief financial officer now directly owns 17,656 shares of the company’s stock, valued at $2,572,126.08. The disclosure for this sale can be found here. Insiders sold a total of 46,296 shares of company stock valued at $5,818,514 over the last three months. 2.37% of the stock is owned by corporate insiders.
GRUB has been the subject of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $152.00 target price on shares of GrubHub in a research report on Friday, August 10th. Zacks Investment Research lowered shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, August 24th. Wedbush initiated coverage on shares of GrubHub in a research report on Thursday, September 13th. They issued an “outperform” rating and a $180.00 target price for the company. Argus increased their target price on shares of GrubHub from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, September 14th. They noted that the move was a valuation call. Finally, Craig Hallum increased their target price on shares of GrubHub from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $129.95.
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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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