GrubHub Inc (GRUB) Holdings Cut by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP lessened its position in GrubHub Inc (NYSE:GRUB) by 29.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,354 shares of the information services provider’s stock after selling 10,900 shares during the period. River & Mercantile Asset Management LLP’s holdings in GrubHub were worth $3,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of Montreal Can grew its stake in GrubHub by 199.1% during the 2nd quarter. Bank of Montreal Can now owns 15,141 shares of the information services provider’s stock valued at $1,588,000 after purchasing an additional 10,079 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in GrubHub during the 2nd quarter valued at approximately $826,000. Aperio Group LLC grew its stake in GrubHub by 17.3% during the 2nd quarter. Aperio Group LLC now owns 14,403 shares of the information services provider’s stock valued at $1,511,000 after purchasing an additional 2,121 shares in the last quarter. Alps Advisors Inc. grew its stake in GrubHub by 90.8% during the 2nd quarter. Alps Advisors Inc. now owns 8,395 shares of the information services provider’s stock valued at $603,000 after purchasing an additional 3,995 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in GrubHub during the 2nd quarter valued at approximately $2,193,000. 92.49% of the stock is currently owned by institutional investors and hedge funds.

NYSE:GRUB opened at $76.80 on Friday. GrubHub Inc has a 12-month low of $66.07 and a 12-month high of $149.35. The company has a market cap of $7.38 billion, a P/E ratio of 78.37, a P/E/G ratio of 2.53 and a beta of 1.56. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20.

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

GRUB has been the subject of a number of recent analyst reports. Argus lowered their price objective on GrubHub from $170.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Jefferies Financial Group restated a “hold” rating and set a $85.00 price objective (down previously from $108.00) on shares of GrubHub in a research note on Tuesday, November 20th. Zacks Investment Research lowered GrubHub from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. TheStreet lowered GrubHub from a “b” rating to a “c+” rating in a research note on Monday, October 29th. Finally, Goldman Sachs Group upgraded GrubHub from a “buy” rating to a “conviction-buy” rating in a research note on Friday, October 26th. Two equities 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 given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $129.95.

In related news, SVP Margo Drucker sold 1,666 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $136.82, for a total transaction of $227,942.12. Following the completion of the transaction, the senior vice president now owns 1,766 shares in the company, valued at approximately $241,624.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Maria Belousova sold 2,751 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $81.05, for a total value of $222,968.55. Following the transaction, the chief technology officer now owns 857 shares of the company’s stock, valued at approximately $69,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 46,296 shares of company stock valued at $5,818,514 in the last 90 days. Insiders own 2.37% of the company’s stock.

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GrubHub 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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