Private Advisor Group LLC Makes New Investment in GrubHub Inc (NYSE:GRUB)

Private Advisor Group LLC acquired a new position in shares of GrubHub Inc (NYSE:GRUB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 50,406 shares of the information services provider’s stock, valued at approximately $3,932,000. Private Advisor Group LLC owned approximately 0.06% of GrubHub as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GRUB. Elkfork Partners LLC purchased a new position in GrubHub during the 2nd quarter worth approximately $26,000. Meadow Creek Investment Management LLC purchased a new position in GrubHub during the 2nd quarter worth approximately $33,000. YorkBridge Wealth Partners LLC purchased a new position in GrubHub during the 1st quarter worth approximately $35,000. Glen Harbor Capital Management LLC purchased a new position in GrubHub during the 2nd quarter worth approximately $40,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in GrubHub during the 2nd quarter worth approximately $41,000.

Several equities analysts have weighed in on the stock. Stifel Nicolaus set a $105.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a research report on Friday, September 13th. Citigroup raised shares of GrubHub from a “neutral” rating to a “buy” rating and lifted their target price for the company from $75.00 to $91.00 in a research note on Tuesday, June 25th. Barclays lifted their target price on shares of GrubHub from $62.00 to $69.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. ValuEngine raised shares of GrubHub from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Finally, BNP Paribas initiated coverage on shares of GrubHub in a research note on Friday, June 7th. They set an “outperform” rating and a $84.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. GrubHub presently has an average rating of “Buy” and a consensus price target of $95.45.



Shares of GRUB stock traded down $3.98 on Thursday, hitting $59.82. The company’s stock had a trading volume of 181,320 shares, compared to its average volume of 1,518,473. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.42 and a quick ratio of 2.42. GrubHub Inc has a fifty-two week low of $55.61 and a fifty-two week high of $144.67. The firm’s fifty day moving average price is $63.01 and its 200-day moving average price is $68.65. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 49.22, a P/E/G ratio of 3.80 and a beta of 1.25.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Tuesday, July 30th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.13. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. The business had revenue of $325.06 million during the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the previous year, the business earned $0.50 EPS. GrubHub’s quarterly revenue was up 35.6% compared to the same quarter last year. Analysts predict that GrubHub Inc will post 0.69 EPS for the current fiscal year.

In other GrubHub news, SVP Margo Drucker sold 15,489 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $74.99, for a total transaction of $1,161,520.11. Following the completion of the transaction, the senior vice president now owns 12,574 shares of the company’s stock, valued at approximately $942,924.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Adam Dewitt sold 2,000 shares of the business’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 $150,900.00. Following the transaction, the chief financial officer now directly owns 44,044 shares of the company’s stock, valued at approximately $3,323,119.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,615 shares of company stock valued at $2,002,617. 1.88% of the stock is owned by company insiders.

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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