HighPoint Advisor Group LLC Invests $213,000 in GrubHub Inc. (GRUB) Stock

HighPoint Advisor Group LLC acquired a new stake in GrubHub Inc. (NYSE:GRUB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,502 shares of the information services provider’s stock, valued at approximately $213,000.

A number of other large investors also recently added to or reduced their stakes in GRUB. Alps Advisors Inc. increased its position in shares of GrubHub by 0.3% during the second quarter. Alps Advisors Inc. now owns 14,125 shares of the information services provider’s stock worth $616,000 after acquiring an additional 36 shares during the last quarter. Renaissance Group LLC increased its position in shares of GrubHub by 0.9% during the second quarter. Renaissance Group LLC now owns 8,856 shares of the information services provider’s stock worth $386,000 after acquiring an additional 80 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of GrubHub by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after acquiring an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of GrubHub by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after acquiring an additional 285 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of GrubHub by 8.1% during the second quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock worth $329,000 after acquiring an additional 567 shares during the last quarter.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. DA Davidson reaffirmed a “hold” rating and set a $50.00 target price (up from $48.00) on shares of GrubHub in a research report on Friday, October 27th. Wells Fargo & Company reaffirmed a “hold” rating and set a $58.00 target price on shares of GrubHub in a research report on Thursday, October 26th. Monness Crespi & Hardt lifted their target price on GrubHub from $35.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $65.00 target price (up from $60.00) on shares of GrubHub in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $58.18.

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Shares of GrubHub Inc. (NYSE GRUB) traded down $0.54 during midday trading on Wednesday, hitting $63.08. The stock had a trading volume of 538,200 shares, compared to its average volume of 2,032,199. The firm has a market capitalization of $5,515.51, a P/E ratio of 73.13, a PEG ratio of 3.49 and a beta of 1.64. GrubHub Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $63.81.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The business’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. analysts forecast that GrubHub Inc. will post 0.88 earnings per share for the current year.

In related news, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $54.09, for a total transaction of $338,062.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Adam Dewitt sold 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $54.76, for a total value of $574,980.00. Following the sale, the chief financial officer now directly owns 23,304 shares in the company, valued at approximately $1,276,127.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 384,874 shares of company stock valued at $22,012,816. Insiders own 2.37% of the company’s stock.

GrubHub Company Profile

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.

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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