Atlantic Trust Group LLC bought a new position in GrubHub Inc (NASDAQ:GRUB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 43,569 shares of the information services provider’s stock, valued at approximately $1,001,000. Atlantic Trust Group LLC owned 0.05% of GrubHub as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of GRUB. Wells Fargo & Company MN boosted its holdings in GrubHub by 95.9% in the 1st quarter. Wells Fargo & Company MN now owns 218,481 shares of the information services provider’s stock worth $7,186,000 after buying an additional 106,971 shares during the period. Bank of New York Mellon Corp boosted its holdings in GrubHub by 94.4% in the 1st quarter. Bank of New York Mellon Corp now owns 659,373 shares of the information services provider’s stock worth $21,686,000 after buying an additional 320,115 shares during the period. Swiss National Bank boosted its holdings in GrubHub by 1.0% in the 1st quarter. Swiss National Bank now owns 113,200 shares of the information services provider’s stock worth $3,723,000 after buying an additional 1,100 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in GrubHub by 48.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 39,963 shares of the information services provider’s stock worth $1,314,000 after buying an additional 13,076 shares during the period. Finally, Teza Capital Management LLC bought a new position in GrubHub in the 1st quarter worth $257,000.
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Shares of GrubHub Inc (NASDAQ GRUB) opened at 56.08 on Monday. The firm has a market capitalization of $4.84 billion and a P/E ratio of 82.47. GrubHub Inc has a 52 week low of $32.43 and a 52 week high of $57.61. The firm has a 50-day moving average of $52.66 and a 200 day moving average of $43.13.
GrubHub (NASDAQ:GRUB) last issued its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The business had revenue of $158.79 million during the quarter, compared to analysts’ expectations of $158.13 million. On average, equities research analysts expect that GrubHub Inc will post $1.10 EPS for the current fiscal year.
In related news, COO Stanley Chia sold 837 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $43.54, for a total transaction of $36,442.98. Following the completion of the sale, the chief operating officer now owns 1,215 shares in the company, valued at approximately $52,901.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Adam Dewitt sold 2,000 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $44.05, for a total transaction of $88,100.00. Following the sale, the chief financial officer now owns 25,557 shares of the company’s stock, valued at approximately $1,125,785.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 400,318 shares of company stock valued at $20,825,433.
Several research firms have commented on GRUB. Canaccord Genuity reissued a “buy” rating and set a $50.00 price objective on shares of GrubHub in a report on Thursday, August 10th. KeyCorp reissued a “buy” rating and set a $62.00 price objective (up previously from $56.00) on shares of GrubHub in a report on Wednesday, September 6th. Stifel Nicolaus reissued a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. BidaskClub raised shares of GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Cowen and Company reissued an “outperform” rating and set a $54.00 price objective on shares of GrubHub in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. GrubHub presently has a consensus rating of “Buy” and a consensus price target of $50.74.
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
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