Vanguard Group Inc. increased its position in shares of GrubHub Inc (NASDAQ:GRUB) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,829,681 shares of the company’s stock after buying an additional 195,547 shares during the period. Vanguard Group Inc. owned approximately 6.88% of GrubHub worth $181,127,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of 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. 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. JPMorgan Chase & Co. boosted its stake in shares of GrubHub by 7.7% in the first quarter. JPMorgan Chase & Co. now owns 2,118,953 shares of the company’s stock valued at $53,250,000 after buying an additional 151,844 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of GrubHub during the second quarter valued at about $213,000. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of GrubHub by 9.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 138,151 shares of the company’s stock valued at $4,292,000 after buying an additional 11,363 shares in the last quarter.
GrubHub Inc (NASDAQ:GRUB) opened at 42.08 on Wednesday. GrubHub Inc has a 12 month low of $17.77 and a 12 month high of $44.58. The stock’s 50 day moving average is $41.60 and its 200-day moving average is $32.74. The stock has a market capitalization of $3.59 billion and a price-to-earnings ratio of 87.67.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.13 million. The business’s revenue was up 36.6% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. On average, equities research analysts expect that GrubHub Inc will post $0.84 earnings per share for the current year.
Several analysts have recently issued reports on GRUB shares. Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Pacific Crest reissued a “sector perform” rating on shares of GrubHub in a research report on Tuesday, August 2nd. Roth Capital started coverage on shares of GrubHub in a research report on Monday, October 10th. They set a “neutral” rating and a $44.00 price target on the stock. Mizuho reissued a “buy” rating and set a $33.00 price target on shares of GrubHub in a research report on Wednesday, July 27th. Finally, Citigroup Inc. increased their price target on shares of GrubHub from $30.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.41.
In related news, SVP Margo Drucker sold 1,054 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $41.58, for a total transaction of $43,825.32. Following the transaction, the senior vice president now directly owns 1,554 shares of the company’s stock, valued at approximately $64,615.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney sold 92,666 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $38.34, for a total value of $3,552,814.44. Following the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at $63,222.66. 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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