Lourd Capital LLC boosted its position in shares of GrubHub Inc (NASDAQ:GRUB) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,885 shares of the company’s stock after buying an additional 45 shares during the period. Lourd Capital LLC’s holdings in GrubHub were worth $866,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in GRUB. JPMorgan Chase & Co. boosted its position 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 worth $53,250,000 after buying an additional 151,844 shares during the period. Huntington National Bank bought a new position in shares of GrubHub during the second quarter worth about $2,714,000. Morgens Waterfall Vintiadis & Co. Inc. bought a new position in shares of GrubHub during the second quarter worth about $1,554,000. Chevy Chase Trust Holdings Inc. boosted its position 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 worth $4,292,000 after buying an additional 11,363 shares during the period. Finally, BlackRock Group LTD boosted its position in shares of GrubHub by 28.2% in the first quarter. BlackRock Group LTD now owns 38,003 shares of the company’s stock worth $956,000 after buying an additional 8,357 shares during the period.
Shares of GrubHub Inc (NASDAQ:GRUB) traded down 0.97% during trading on Wednesday, hitting $41.67. 832,829 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $41.60 and its 200 day moving average is $32.74. GrubHub Inc has a 1-year low of $17.77 and a 1-year high of $44.58. The firm has a market capitalization of $3.55 billion and a PE ratio of 86.81.
GrubHub (NASDAQ:GRUB) last released its earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.13 million. During the same period in the prior year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was up 36.6% on a year-over-year basis. On average, equities research analysts forecast that GrubHub Inc will post $0.84 earnings per share for the current year.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Canaccord Genuity reissued a “buy” rating and set a $48.00 price objective (up from $42.00) on shares of GrubHub in a research note on Tuesday, September 27th. Stifel Nicolaus cut shares of GrubHub from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research note on Tuesday, October 4th. Loop Capital reissued a “buy” rating and set a $46.00 price objective on shares of GrubHub in a research note on Tuesday. Finally, Wedbush reissued an “outperform” rating and set a $47.00 price objective on shares of GrubHub in a research note on Monday. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. GrubHub currently has an average rating of “Hold” and an average target price of $41.41.
In other news, CEO Matthew M. Maloney sold 92,666 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $38.34, for a total transaction of $3,552,814.44. Following the sale, the chief executive officer now owns 1,649 shares in the company, valued at $63,222.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Margo Drucker sold 1,054 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $41.58, for a total transaction of $43,825.32. Following the sale, the senior vice president now owns 1,554 shares in the company, valued at approximately $64,615.32. The disclosure for this sale can be found here.
GrubHub Company Profile
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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