Private Vista LLC lowered its stake in shares of GrubHub Inc (NASDAQ:GRUB) by 97.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,170 shares of the information services provider’s stock after selling 186,774 shares during the period. Private Vista LLC’s holdings in GrubHub were worth $220,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised 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 valued at $108,000 after buying an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 285 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in shares of GrubHub during the 2nd quarter valued at about $146,000. Chicago Partners Investment Group LLC acquired a new stake in shares of GrubHub during the 2nd quarter valued at about $154,000. Finally, Asset Dedication LLC acquired a new stake in shares of GrubHub during the 3rd quarter valued at about $165,000.
In other GrubHub news, CEO Matthew M. Maloney sold 88,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $55.83, for a total value of $4,913,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Margo Drucker sold 1,620 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $60.98, for a total transaction of $98,787.60. Following the completion of the transaction, the senior vice president now owns 892 shares of the company’s stock, valued at approximately $54,394.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 426,298 shares of company stock valued at $23,919,482.
Shares of GrubHub Inc (NASDAQ:GRUB) traded up $0.69 during midday trading on Monday, reaching $62.88. The company’s stock had a trading volume of 492,789 shares, compared to its average volume of 1,820,000. GrubHub Inc has a 52 week low of $32.43 and a 52 week high of $62.96.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share.
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A number of equities research analysts have recently commented on GRUB shares. Cowen and Company upgraded GrubHub from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Wednesday, July 12th. Vetr upgraded GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 target price on the stock in a research report on Monday, July 17th. Roth Capital raised their target price on GrubHub from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Stifel Nicolaus set a $53.00 target price on GrubHub and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Wedbush set a $55.00 price objective on GrubHub and gave the stock a “buy” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. GrubHub currently has an average rating of “Buy” and an average target price of $58.18.
GrubHub Company Profile
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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