SeaCrest Wealth Management LLC Boosts Stake in GrubHub Inc (NYSE:GRUB)

SeaCrest Wealth Management LLC raised its position in GrubHub Inc (NYSE:GRUB) by 46.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,447 shares of the information services provider’s stock after purchasing an additional 2,058 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in GrubHub were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GRUB. Chartwell Investment Partners LLC increased its position in shares of GrubHub by 5.4% during the first quarter. Chartwell Investment Partners LLC now owns 4,570 shares of the information services provider’s stock worth $317,000 after acquiring an additional 233 shares during the period. Summit Creek Advisors LLC increased its position in shares of GrubHub by 0.3% during the second quarter. Summit Creek Advisors LLC now owns 106,415 shares of the information services provider’s stock worth $8,299,000 after acquiring an additional 320 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of GrubHub by 4.8% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 7,537 shares of the information services provider’s stock worth $524,000 after acquiring an additional 343 shares during the period. Gulf International Bank UK Ltd increased its position in shares of GrubHub by 1.7% during the first quarter. Gulf International Bank UK Ltd now owns 23,060 shares of the information services provider’s stock worth $1,601,000 after acquiring an additional 380 shares during the period. Finally, First Hawaiian Bank purchased a new position in shares of GrubHub during the first quarter worth approximately $30,000.

In other GrubHub news, insider Samuel Pike Hall sold 704 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $75.45, for a total value of $53,116.80. Following the completion of the sale, the insider now directly owns 1,175 shares in the company, valued at $88,653.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Adam Dewitt sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $75.45, for a total transaction of $150,900.00. Following the completion of the sale, the chief financial officer now owns 44,044 shares of the company’s stock, valued at $3,323,119.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,740 shares of company stock valued at $1,403,362. 1.88% of the stock is owned by insiders.

GRUB traded up $2.93 during trading on Friday, hitting $69.50. The stock had a trading volume of 3,309,858 shares, compared to its average volume of 2,003,702. The stock has a market cap of $6.38 billion, a P/E ratio of 56.50, a PEG ratio of 3.43 and a beta of 1.21. GrubHub Inc has a twelve month low of $60.20 and a twelve month high of $149.35. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $74.31.

GrubHub (NYSE:GRUB) last announced its earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.13. The company had revenue of $325.06 million during the quarter, compared to the consensus estimate of $317.39 million. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. GrubHub’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. On average, sell-side analysts anticipate that GrubHub Inc will post 0.81 EPS for the current fiscal year.

GRUB has been the topic of a number of research reports. Citigroup raised shares of GrubHub from a “neutral” rating to a “buy” rating and raised their target price for the stock from $75.00 to $91.00 in a research report on Tuesday, June 25th. Wells Fargo & Co dropped their price objective on shares of GrubHub from $85.00 to $74.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 30th. Argus downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Craig Hallum reiterated a “buy” rating and set a $100.00 price objective (down from $120.00) on shares of GrubHub in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $110.00 price objective on shares of GrubHub in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. GrubHub currently has a consensus rating of “Buy” and an average price target of $96.14.

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.

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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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