California State Teachers Retirement System increased its position in GrubHub Inc (NYSE:GRUB) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,114 shares of the information services provider’s stock after purchasing an additional 11,166 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of GrubHub worth $11,530,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in GrubHub by 99.1% in the fourth quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock worth $33,000 after purchasing an additional 215 shares during the period. Csenge Advisory Group acquired a new position in shares of GrubHub during the 3rd quarter worth about $69,000. LS Investment Advisors LLC acquired a new position in shares of GrubHub during the 4th quarter worth about $64,000. Massey Quick Simon & CO. LLC grew its position in shares of GrubHub by 20.0% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock worth $86,000 after buying an additional 186 shares during the period. Finally, Wakefield Asset Management LLLP acquired a new position in shares of GrubHub during the 3rd quarter worth about $172,000.
Several equities analysts have recently issued reports on GRUB shares. Craig Hallum decreased their target price on GrubHub from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 8th. Needham & Company LLC started coverage on GrubHub in a research report on Tuesday, January 8th. They set a “hold” rating for the company. ValuEngine upgraded GrubHub from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Credit Suisse Group upgraded GrubHub from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $125.00 to $130.00 in a research report on Monday, January 28th. Finally, Jefferies Financial Group restated a “hold” rating and set a $85.00 target price (down from $108.00) on shares of GrubHub in a research report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. GrubHub has a consensus rating of “Buy” and an average price target of $119.82.
GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, February 7th. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. GrubHub had a return on equity of 8.25% and a net margin of 7.79%. The business had revenue of $287.72 million during the quarter, compared to analyst estimates of $290.43 million. During the same period in the previous year, the firm earned $0.37 EPS. GrubHub’s quarterly revenue was up 40.3% compared to the same quarter last year. Equities analysts forecast that GrubHub Inc will post 0.84 EPS for the current year.
In related news, CTO Maria Belousova sold 2,753 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $80.09, for a total value of $220,487.77. Following the completion of the transaction, the chief technology officer now directly owns 857 shares in the company, valued at approximately $68,637.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,050 shares of company stock valued at $550,668 over the last quarter. 1.59% of the stock is owned by insiders.
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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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