Freestone Capital Holdings LLC Purchases New Holdings in GrubHub Inc (GRUB)

Freestone Capital Holdings LLC purchased a new position in shares of GrubHub Inc (NYSE:GRUB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,302 shares of the information services provider’s stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GRUB. First Hawaiian Bank purchased a new position in GrubHub during the 1st quarter valued at about $30,000. Parallel Advisors LLC raised its position in GrubHub by 99.1% in the 4th quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 215 shares in the last quarter. LS Investment Advisors LLC acquired a new stake in GrubHub in the 4th quarter valued at about $64,000. Quadrant Capital Group LLC raised its position in GrubHub by 118.8% in the 1st quarter. Quadrant Capital Group LLC now owns 1,212 shares of the information services provider’s stock valued at $81,000 after purchasing an additional 658 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC raised its position in GrubHub by 20.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock valued at $86,000 after purchasing an additional 186 shares in the last quarter.

A number of research firms have issued reports on GRUB. Gordon Haskett began coverage on GrubHub in a research report on Monday, May 20th. They issued a “buy” rating and a $75.00 price target on the stock. Argus lowered GrubHub from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Wells Fargo & Co reduced their price target on GrubHub from $85.00 to $74.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 30th. Wedbush reaffirmed an “outperform” rating on shares of GrubHub in a research report on Monday, April 29th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $100.00 price target (down previously from $120.00) on shares of GrubHub in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $113.91.

In other GrubHub news, CEO Matthew M. Maloney bought 15,416 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average price of $64.87 per share, with a total value of $1,000,035.92. Following the transaction, the chief executive officer now owns 13,621 shares of the company’s stock, valued at $883,594.27. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Samuel Pike Hall sold 2,818 shares of GrubHub stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $75.00, for a total value of $211,350.00. Following the transaction, the insider now directly owns 940 shares in the company, valued at approximately $70,500. The disclosure for this sale can be found here. Insiders have sold a total of 3,544 shares of company stock worth $266,221 in the last three months. Corporate insiders own 1.88% of the company’s stock.

Shares of NYSE GRUB opened at $65.87 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.28. GrubHub Inc has a fifty-two week low of $60.20 and a fifty-two week high of $149.35. The stock has a market cap of $6.01 billion, a PE ratio of 53.55, a price-to-earnings-growth ratio of 3.59 and a beta of 1.18.

GrubHub (NYSE:GRUB) last issued its earnings results on Thursday, April 25th. The information services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.19. GrubHub had a return on equity of 6.14% and a net margin of 4.97%. The business had revenue of $323.77 million for the quarter, compared to analyst estimates of $322.23 million. During the same quarter last year, the company earned $0.52 EPS. The business’s quarterly revenue was up 39.2% on a year-over-year basis. Equities analysts forecast that GrubHub Inc will post 0.79 EPS for the current year.

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GrubHub 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.

See Also: Average Daily Trade Volume – ADTV

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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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