Grubhub (GRUB) Position Trimmed by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Grubhub (NYSE:GRUB) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,045 shares of the information services provider’s stock after selling 4,242 shares during the period. Rhumbline Advisers owned approximately 0.09% of Grubhub worth $8,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GRUB. QS Investors LLC bought a new position in Grubhub during the 4th quarter valued at $129,000. Bronfman E.L. Rothschild L.P. boosted its stake in 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 valued at $182,000 after acquiring an additional 885 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Grubhub during the 4th quarter valued at $202,000. Reliance Trust Co. of Delaware bought a new position in Grubhub during the 4th quarter valued at $208,000. Finally, CIBC Asset Management Inc bought a new position in Grubhub during the 4th quarter valued at $213,000.

A number of research analysts have commented on GRUB shares. Cowen reiterated a “buy” rating and set a $96.00 price objective on shares of Grubhub in a research note on Friday, February 9th. Mizuho set a $98.00 price objective on shares of Grubhub and gave the company a “buy” rating in a research note on Thursday, February 8th. Canaccord Genuity increased their price objective on shares of Grubhub from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. They noted that the move was a valuation call. Craig Hallum increased their price objective on shares of Grubhub from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus increased their price objective on shares of Grubhub from $63.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Grubhub currently has a consensus rating of “Hold” and a consensus target price of $92.16.

In related news, CTO Maria Belousova sold 400 shares of Grubhub stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $99.18, for a total value of $39,672.00. Following the sale, the chief technology officer now directly owns 857 shares in the company, valued at approximately $84,997.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 3,125 shares of Grubhub stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $96.06, for a total transaction of $300,187.50. Following the completion of the sale, the chief executive officer now owns 4,302 shares in the company, valued at $413,250.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,875 shares of company stock worth $7,283,530. 2.37% of the stock is currently owned by insiders.

Grubhub stock opened at $103.38 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.10 and a current ratio of 2.10. Grubhub has a 1 year low of $100.62 and a 1 year high of $102.50. The stock has a market capitalization of $9.26 billion, a PE ratio of 86.28, a price-to-earnings-growth ratio of 3.39 and a beta of 0.98.

Grubhub (NYSE:GRUB) last posted its quarterly earnings results on Tuesday, May 1st. The information services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.25. Grubhub had a net margin of 14.75% and a return on equity of 9.73%. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate of $229.22 million. During the same period last year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 49.0% on a year-over-year basis. research analysts expect that Grubhub will post 1.3 earnings per share for the current year.

About Grubhub

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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