Ameriprise Financial Inc. Has $2.14 Million Holdings in GrubHub Inc (GRUB)

Ameriprise Financial Inc. lessened its holdings in shares of GrubHub Inc (NYSE:GRUB) by 3.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 40,576 shares of the information services provider’s stock after selling 1,338 shares during the period. Ameriprise Financial Inc.’s holdings in GrubHub were worth $2,136,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Caledonia Private Investments Pty Ltd grew its holdings in GrubHub by 3.4% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock worth $432,159,000 after acquiring an additional 329,401 shares during the period. Baillie Gifford & Co. grew its holdings in GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after acquiring an additional 142,445 shares during the period. Vanguard Group Inc. grew its holdings in GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after acquiring an additional 203,802 shares during the period. BlackRock Inc. grew its holdings in GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after acquiring an additional 216,307 shares during the period. Finally, Carmignac Gestion grew its holdings in GrubHub by 55.4% during the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock worth $216,977,000 after acquiring an additional 1,773,959 shares during the period.

Shares of GrubHub Inc (NYSE:GRUB) opened at $72.97 on Friday. The company has a market cap of $6,330.00, a price-to-earnings ratio of 107.31, a P/E/G ratio of 3.11 and a beta of 1.67. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $74.81.

GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. equities analysts predict that GrubHub Inc will post 0.89 EPS for the current year.

In other GrubHub news, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $51.13, for a total transaction of $255,650.00. Following the sale, the chief financial officer now directly owns 20,114 shares of the company’s stock, valued at approximately $1,028,428.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew M. Maloney sold 59,880 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $55.75, for a total transaction of $3,338,310.00. The disclosure for this sale can be found here. Insiders sold a total of 448,643 shares of company stock worth $28,651,090 over the last ninety days. 2.37% of the stock is currently owned by insiders.

GRUB has been the topic of a number of recent analyst reports. Credit Suisse Group cut shares of GrubHub from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $50.00 to $53.00 in a research report on Monday, September 11th. BidaskClub cut shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. DA Davidson initiated coverage on shares of GrubHub in a research report on Wednesday, September 13th. They set a “neutral” rating and a $48.00 price target on the stock. Cowen reissued an “outperform” rating and set a $65.00 price target (up from $54.00) on shares of GrubHub in a research report on Thursday, September 14th. Finally, Canaccord Genuity lifted their price target on shares of GrubHub from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. GrubHub has a consensus rating of “Buy” and an average target price of $61.39.

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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.

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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