Stansberry Asset Management LLC acquired a new position in shares of GrubHub Inc (NYSE:GRUB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 23,390 shares of the information services provider’s stock, valued at approximately $1,679,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after acquiring an additional 148 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of GrubHub by 53.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock worth $182,000 after acquiring an additional 885 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of GrubHub by 12.3% during the 4th quarter. First Mercantile Trust Co. now owns 8,601 shares of the information services provider’s stock worth $617,000 after acquiring an additional 942 shares in the last quarter. Strs Ohio boosted its stake in shares of GrubHub by 8.3% during the 3rd quarter. Strs Ohio now owns 14,300 shares of the information services provider’s stock worth $753,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of GrubHub by 41.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,268 shares of the information services provider’s stock worth $306,000 after acquiring an additional 1,250 shares in the last quarter.
In other GrubHub news, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $96.34, for a total transaction of $481,700.00. Following the transaction, the chief financial officer now directly owns 17,476 shares in the company, valued at $1,683,637.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew M. Maloney sold 56,250 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $71.09, for a total value of $3,998,812.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 347,165 shares of company stock valued at $26,178,975. Insiders own 2.37% of the company’s stock.
GrubHub (NYSE:GRUB) last released its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $201.55 million. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The business’s revenue for the quarter was up 49.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. equities research analysts anticipate that GrubHub Inc will post 1.15 earnings per share for the current fiscal year.
GRUB has been the subject of several research reports. Roth Capital raised their price objective on GrubHub from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Oppenheimer raised their target price on GrubHub to $100.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Mizuho set a $98.00 target price on GrubHub and gave the stock a “buy” rating in a research report on Thursday, February 8th. Cowen reaffirmed a “buy” rating and issued a $96.00 target price on shares of GrubHub in a research report on Friday, February 9th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $68.00 target price (up previously from $58.00) on shares of GrubHub in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. GrubHub presently has a consensus rating of “Hold” and an average target price of $74.07.
COPYRIGHT VIOLATION NOTICE: This report was published by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3225969/23390-shares-in-grubhub-inc-grub-acquired-by-stansberry-asset-management-llc.html.
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
Want to see what other hedge funds are holding GRUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GrubHub Inc (NYSE:GRUB).
Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.