Dimensional Fund Advisors LP reduced its position in GrubHub Inc (NASDAQ:GRUB) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 712,857 shares of the information services provider’s stock after selling 22,642 shares during the period. Dimensional Fund Advisors LP owned approximately 0.83% of GrubHub worth $23,446,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of GrubHub by 94.4% in the first quarter. Bank of New York Mellon Corp now owns 659,373 shares of the information services provider’s stock worth $21,686,000 after buying an additional 320,115 shares during the period. Capital Fund Management S.A. raised its position in shares of GrubHub by 2,589.7% in the first quarter. Capital Fund Management S.A. now owns 245,028 shares of the information services provider’s stock worth $8,059,000 after buying an additional 235,918 shares during the period. Searle & CO. raised its position in shares of GrubHub by 88.4% in the first quarter. Searle & CO. now owns 17,900 shares of the information services provider’s stock worth $589,000 after buying an additional 8,400 shares during the period. Wells Fargo & Company MN raised its position in shares of GrubHub by 95.9% in the first quarter. Wells Fargo & Company MN now owns 218,481 shares of the information services provider’s stock worth $7,186,000 after buying an additional 106,971 shares during the period. Finally, Arrow Financial Corp bought a new position in shares of GrubHub during the first quarter worth approximately $493,000.
GrubHub Inc (NASDAQ:GRUB) opened at 53.87 on Friday. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $57.26. The firm has a market capitalization of $4.65 billion and a price-to-earnings ratio of 79.22. The firm has a 50-day moving average of $48.28 and a 200 day moving average of $41.49.
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A number of equities analysts have recently issued reports on GRUB shares. Roth Capital set a $45.00 price objective on shares of GrubHub and gave the company a “buy” rating in a research note on Monday, April 24th. Stifel Nicolaus raised their target price on shares of GrubHub from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Canaccord Genuity reiterated a “buy” rating and set a $47.00 price objective on shares of GrubHub in a research note on Thursday, May 25th. Wedbush set a $50.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a research note on Monday, June 19th. Finally, Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.87.
In other GrubHub news, CEO Matthew M. Maloney sold 88,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $55.83, for a total transaction of $4,913,040.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Stanley Chia sold 837 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $44.61, for a total value of $37,338.57. Following the sale, the chief operating officer now owns 1,215 shares in the company, valued at approximately $54,201.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 289,592 shares of company stock worth $14,500,728.
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.
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