Chartwell Investment Partners LLC Purchases 233 Shares of GrubHub Inc (GRUB)

Chartwell Investment Partners LLC increased its position in shares of GrubHub Inc (NYSE:GRUB) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,570 shares of the information services provider’s stock after acquiring an additional 233 shares during the quarter. Chartwell Investment Partners LLC’s holdings in GrubHub were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Hawaiian Bank acquired a new position in GrubHub in the first quarter valued at about $30,000. Parallel Advisors LLC lifted 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 valued at $33,000 after buying an additional 215 shares during the last quarter. LS Investment Advisors LLC acquired a new position in GrubHub in the fourth quarter valued at about $64,000. Csenge Advisory Group acquired a new position in GrubHub in the third quarter valued at about $69,000. Finally, Massey Quick Simon & CO. LLC lifted its position in GrubHub by 20.0% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock valued at $86,000 after buying an additional 186 shares during the last quarter.

Shares of GRUB opened at $66.31 on Wednesday. The stock has a market cap of $5.95 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 3.56 and a beta of 1.23. GrubHub Inc has a 1 year low of $64.57 and a 1 year high of $149.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.63 and a current ratio of 1.63.

GrubHub (NYSE:GRUB) last released its earnings results on Thursday, February 7th. The information services provider reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. GrubHub had a net margin of 7.79% and a return on equity of 8.25%. The firm had revenue of $287.72 million for the quarter, compared to analyst estimates of $290.43 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 40.3% compared to the same quarter last year. As a group, analysts predict that GrubHub Inc will post 0.84 EPS for the current year.

In related news, CTO Maria Belousova sold 819 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $81.49, for a total transaction of $66,740.31. Following the sale, the chief technology officer now directly owns 857 shares in the company, valued at $69,836.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 4,298 shares of company stock worth $344,320 over the last 90 days. Insiders own 1.59% of the company’s stock.

A number of research firms have commented on GRUB. BTIG Research began coverage on shares of GrubHub in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $95.00 target price on the stock. Wedbush set a $100.00 target price on shares of GrubHub and gave the company an “outperform” rating in a research report on Friday, April 12th. ValuEngine raised shares of GrubHub from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Craig Hallum decreased their target price on shares of GrubHub from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 8th. Finally, Roth Capital raised shares of GrubHub from a “neutral” rating to a “buy” rating and upped their target price for the company from $92.00 to $95.00 in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub currently has an average rating of “Buy” and a consensus price target of $117.09.

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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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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