MERIAN GLOBAL INVESTORS UK Ltd lowered its stake in shares of GrubHub Inc (NYSE:GRUB) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,300 shares of the information services provider’s stock after selling 200 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in GrubHub were worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pelham Capital Ltd. lifted its stake in shares of GrubHub by 17.1% in the fourth quarter. Pelham Capital Ltd. now owns 2,277,607 shares of the information services provider’s stock worth $174,943,000 after buying an additional 332,443 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of GrubHub by 40.9% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 46,170 shares of the information services provider’s stock worth $3,546,000 after buying an additional 13,400 shares in the last quarter. LS Investment Advisors LLC bought a new position in shares of GrubHub in the fourth quarter worth approximately $64,000. Toronto Dominion Bank bought a new position in shares of GrubHub in the fourth quarter worth approximately $936,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in GrubHub during the fourth quarter valued at approximately $1,750,000.
In related news, insider Samuel Pike Hall sold 2,818 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $75.00, for a total transaction of $211,350.00. Following the completion of the transaction, the insider now directly owns 940 shares of the company’s stock, valued at $70,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney bought 15,416 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average cost of $64.87 per share, with a total value of $1,000,035.92. Following the completion of the purchase, the chief executive officer now directly owns 13,621 shares of the company’s stock, valued at approximately $883,594.27. The disclosure for this purchase can be found here. Insiders have sold 3,544 shares of company stock valued at $266,221 over the last ninety days. 1.88% of the stock is currently owned by corporate insiders.
GrubHub (NYSE:GRUB) last posted its earnings results on Thursday, April 25th. The information services provider reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.19. The company had revenue of $323.77 million during the quarter, compared to analysts’ expectations of $322.23 million. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. GrubHub’s quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. As a group, research analysts predict that GrubHub Inc will post 0.79 EPS for the current year.
Several research analysts have weighed in on the stock. ValuEngine downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Barclays reduced their price objective on shares of GrubHub from $72.00 to $68.00 and set an “underweight” rating for the company in a research note on Friday, February 8th. Credit Suisse Group raised shares of GrubHub from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $125.00 to $130.00 in a research note on Monday, January 28th. Stifel Nicolaus reissued a “buy” rating and issued a $110.00 price objective on shares of GrubHub in a research note on Friday, April 12th. Finally, Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. GrubHub presently has a consensus rating of “Buy” and a consensus target price of $113.91.
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.
See Also: Trade Deficit
Want to see what other hedge funds are holding GRUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GrubHub Inc (NYSE:GRUB).
Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.