GrubHub Inc (NYSE:GRUB) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. raised its stake in GrubHub Inc (NYSE:GRUB) by 76.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,321 shares of the information services provider’s stock after purchasing an additional 31,349 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.08% of GrubHub worth $5,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chartwell Investment Partners LLC lifted its holdings in shares of GrubHub by 5.4% during the 1st quarter. Chartwell Investment Partners LLC now owns 4,570 shares of the information services provider’s stock valued at $317,000 after acquiring an additional 233 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of GrubHub by 44.9% during the 2nd quarter. Avestar Capital LLC now owns 842 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 261 shares in the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of GrubHub by 0.3% during the 2nd quarter. Summit Creek Advisors LLC now owns 106,415 shares of the information services provider’s stock valued at $8,299,000 after acquiring an additional 320 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of GrubHub by 4.8% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 7,537 shares of the information services provider’s stock valued at $524,000 after acquiring an additional 343 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its holdings in shares of GrubHub by 1.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 23,060 shares of the information services provider’s stock valued at $1,601,000 after acquiring an additional 380 shares in the last quarter.

In related news, SVP Margo Drucker sold 587 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $67.49, for a total transaction of $39,616.63. Following the completion of the sale, the senior vice president now owns 7,727 shares of the company’s stock, valued at approximately $521,495.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Samuel Pike Hall sold 704 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $75.45, for a total transaction of $53,116.80. Following the sale, the insider now directly owns 1,175 shares of the company’s stock, valued at approximately $88,653.75. The disclosure for this sale can be found here. Insiders sold a total of 26,511 shares of company stock valued at $1,939,926 in the last three months. Insiders own 1.88% of the company’s stock.

Shares of GRUB traded down $2.93 during midday trading on Thursday, hitting $57.98. The company had a trading volume of 3,057,517 shares, compared to its average volume of 3,615,562. The firm has a 50 day moving average price of $73.20. The stock has a market cap of $6.00 billion, a PE ratio of 47.14, a price-to-earnings-growth ratio of 3.66 and a beta of 1.21. GrubHub Inc has a 52 week low of $60.20 and a 52 week high of $149.35. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.41.

GrubHub (NYSE:GRUB) last released its earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, topping 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 2.17% and a return on equity of 4.25%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. On average, research analysts predict that GrubHub Inc will post 0.71 EPS for the current fiscal year.

GRUB has been the topic of several recent research reports. Gordon Haskett initiated coverage on shares of GrubHub in a report on Monday, May 20th. They set a “buy” rating and a $75.00 target price on the stock. Barclays lifted their target price on shares of GrubHub from $62.00 to $69.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Morgan Stanley reduced their target price on shares of GrubHub from $72.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 31st. BNP Paribas initiated coverage on shares of GrubHub in a report on Friday, June 7th. They set an “outperform” rating and a $84.00 target price on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of GrubHub in a report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $96.14.

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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