First Foundation Advisors cut its holdings in shares of GrubHub Inc (NYSE:GRUB) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,694 shares of the information services provider’s stock after selling 1,400 shares during the period. First Foundation Advisors’ holdings in GrubHub were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Advisory Services Network LLC lifted its holdings in GrubHub by 287.6% during the third quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock worth $134,000 after acquiring an additional 719 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of GrubHub in the third quarter valued at about $146,000. Massey Quick Simon & CO. LLC bought a new stake in shares of GrubHub in the second quarter valued at about $147,000. OLD National Bancorp IN bought a new stake in shares of GrubHub in the third quarter valued at about $203,000. Finally, IBM Retirement Fund bought a new stake in shares of GrubHub in the third quarter valued at about $203,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.
A number of analysts have recently commented on GRUB shares. Zacks Investment Research lowered GrubHub from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. TheStreet lowered GrubHub from a “b” rating to a “c+” rating in a report on Monday, October 29th. Stifel Nicolaus upgraded GrubHub from a “hold” rating to a “buy” rating and cut their price target for the company from $140.00 to $125.00 in a report on Friday, October 26th. Goldman Sachs Group upgraded GrubHub from a “buy” rating to a “conviction-buy” rating in a report on Friday, October 26th. Finally, DA Davidson upgraded GrubHub from a “neutral” rating to a “buy” rating and boosted their price target for the company from $115.00 to $120.00 in a report on Friday, October 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $129.95.
GrubHub (NYSE:GRUB) last released its earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.14. GrubHub had a return on equity of 10.64% and a net margin of 14.83%. The business had revenue of $247.23 million for the quarter, compared to analyst estimates of $238.19 million. Equities research analysts predict that GrubHub Inc will post 1.29 EPS for the current year.
In other GrubHub news, CFO Adam Dewitt sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $144.27, for a total transaction of $577,080.00. Following the transaction, the chief financial officer now owns 18,486 shares of the company’s stock, valued at $2,666,975.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Maria Belousova sold 2,752 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $92.25, for a total value of $253,872.00. Following the transaction, the chief technology officer now directly owns 857 shares in the company, valued at approximately $79,058.25. The disclosure for this sale can be found here. Insiders have sold 58,623 shares of company stock worth $7,767,907 in the last quarter. 2.37% of the stock is currently owned by corporate insiders.
GrubHub Company Profile
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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