Alps Advisors Inc. reduced its stake in GrubHub Inc (NASDAQ:GRUB) by 6.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 16,873 shares of the company’s stock after selling 1,240 shares during the period. Alps Advisors Inc.’s holdings in GrubHub were worth $524,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock valued at $124,000 after buying an additional 2,817 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of GrubHub during the second quarter valued at $213,000. Strs Ohio boosted its stake in shares of GrubHub by 411.8% in the second quarter. Strs Ohio now owns 8,700 shares of the company’s stock valued at $270,000 after buying an additional 7,000 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of GrubHub by 28.2% in the first quarter. BlackRock Group LTD now owns 38,003 shares of the company’s stock valued at $956,000 after buying an additional 8,357 shares in the last quarter. Finally, Morgens Waterfall Vintiadis & Co. Inc. acquired a new stake in shares of GrubHub during the second quarter valued at $1,554,000.
Shares of GrubHub Inc (NASDAQ:GRUB) traded down 0.72% during mid-day trading on Monday, hitting $42.68. 1,109,129 shares of the stock were exchanged. The stock has a market cap of $3.64 billion and a price-to-earnings ratio of 88.92. GrubHub Inc has a 12 month low of $17.77 and a 12 month high of $44.58. The company has a 50-day moving average price of $40.67 and a 200-day moving average price of $31.43.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. The company’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. Equities analysts expect that GrubHub Inc will post $0.84 earnings per share for the current year.
Several equities research analysts recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price target (down previously from $30.00) on shares of GrubHub in a research report on Tuesday, June 14th. Stifel Nicolaus restated a “buy” rating and issued a $45.00 price target (up previously from $32.00) on shares of GrubHub in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, July 13th. Wedbush reiterated an “outperform” rating and set a $47.00 price objective (up previously from $40.00) on shares of GrubHub in a research report on Thursday, July 28th. Finally, Cowen and Company reiterated a “market perform” rating and set a $26.00 price objective (up previously from $22.00) on shares of GrubHub in a research report on Wednesday, July 27th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.71.
In other GrubHub news, CEO Matthew M. Maloney sold 14,491 shares of the firm’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $30.02, for a total value of $435,019.82. Following the transaction, the chief executive officer now owns 1,649 shares in the company, valued at approximately $49,502.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Margo Drucker sold 5,271 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $29.88, for a total value of $157,497.48. Following the completion of the transaction, the senior vice president now owns 5,771 shares in the company, valued at approximately $172,437.48. The disclosure for this sale can be found here.
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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