GrubHub Inc (NYSE:GRUB) Stake Reduced by Seeyond

Seeyond reduced its stake in shares of GrubHub Inc (NYSE:GRUB) by 18.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,402 shares of the information services provider’s stock after selling 308 shares during the quarter. Seeyond’s holdings in GrubHub were worth $109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Logan Capital Management Inc. grew its stake in GrubHub by 64.0% during the 2nd quarter. Logan Capital Management Inc. now owns 16,821 shares of the information services provider’s stock worth $1,312,000 after buying an additional 6,563 shares during the last quarter. Atria Investments LLC bought a new position in GrubHub during the 2nd quarter worth $457,000. Clearbridge Investments LLC grew its stake in GrubHub by 257.6% during the 1st quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock worth $418,821,000 after buying an additional 4,342,673 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in GrubHub during the 2nd quarter worth $41,000. Finally, Swiss National Bank grew its stake in GrubHub by 2.8% during the 1st quarter. Swiss National Bank now owns 302,400 shares of the information services provider’s stock worth $21,008,000 after buying an additional 8,300 shares during the last quarter.

In other news, insider Samuel Pike Hall sold 704 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $75.45, for a total transaction of $53,116.80. Following the completion of the sale, the insider now directly owns 1,175 shares of the company’s stock, valued at $88,653.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Margo Drucker sold 587 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $67.49, for a total value of $39,616.63. Following the sale, the senior vice president now directly owns 7,727 shares of the company’s stock, valued at $521,495.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,615 shares of company stock valued at $2,002,617. Insiders own 1.88% of the company’s stock.



A number of research analysts recently commented on the company. Gordon Haskett assumed coverage on GrubHub in a research note on Monday, May 20th. They set a “buy” rating and a $75.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $90.00 price target on shares of GrubHub in a research report on Wednesday, July 31st. Morgan Stanley reduced their price target on GrubHub from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of GrubHub in a research report on Thursday, July 11th. Finally, Zacks Investment Research lowered GrubHub from a “hold” rating to a “sell” rating and set a $84.00 price target for the company. in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $95.45.

Shares of GrubHub stock traded down $0.60 during trading on Monday, hitting $65.80. The stock had a trading volume of 554,059 shares, compared to its average volume of 1,641,395. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.42 and a quick ratio of 2.42. The firm has a market cap of $6.00 billion, a P/E ratio of 53.50, a PEG ratio of 3.86 and a beta of 1.25. The business has a fifty day moving average of $63.96 and a two-hundred day moving average of $69.04. GrubHub Inc has a fifty-two week low of $55.61 and a fifty-two week high of $149.35.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data 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 business had revenue of $325.06 million during the quarter, compared to analyst estimates of $317.39 million. GrubHub had a return on equity of 4.25% and a net margin of 2.17%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. As a group, research analysts forecast that GrubHub Inc will post 0.69 earnings per share for the current year.

About GrubHub

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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