Landscape Capital Management L.L.C. increased its position in shares of GrubHub Inc (NYSE:GRUB) by 76.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,321 shares of the information services provider’s stock after acquiring an additional 31,349 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in GrubHub were worth $5,640,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in GRUB. Geode Capital Management LLC lifted its position in GrubHub by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 840,976 shares of the information services provider’s stock worth $64,549,000 after acquiring an additional 48,515 shares during the period. Chartwell Investment Partners LLC lifted its position in GrubHub by 5.4% during the 1st quarter. Chartwell Investment Partners LLC now owns 4,570 shares of the information services provider’s stock worth $317,000 after acquiring an additional 233 shares during the period. Virtu Financial LLC acquired a new stake in GrubHub during the 1st quarter worth about $355,000. Harvest Investment Services LLC acquired a new stake in GrubHub during the 1st quarter worth about $662,000. Finally, Gulf International Bank UK Ltd lifted its position in 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 worth $1,601,000 after acquiring an additional 380 shares during the period.
Shares of GrubHub stock traded down $2.93 on Thursday, hitting $57.98. The company’s stock had a trading volume of 3,057,517 shares, compared to its average volume of 3,615,562. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.41. GrubHub Inc has a 1 year low of $60.20 and a 1 year high of $149.35. The firm’s fifty day moving average is $73.20. The firm has a market cap of $6.00 billion, a P/E ratio of 47.14, a price-to-earnings-growth ratio of 3.66 and a beta of 1.21.
In related news, insider Samuel Pike Hall sold 704 shares of GrubHub stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $75.45, for a total value of $53,116.80. Following the completion of the transaction, the insider now owns 1,175 shares in the company, valued at approximately $88,653.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Margo Drucker sold 587 shares of GrubHub stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $67.49, for a total value of $39,616.63. Following the completion of the transaction, the senior vice president now owns 7,727 shares of the company’s stock, valued at approximately $521,495.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,511 shares of company stock valued at $1,939,926. 1.88% of the stock is owned by company insiders.
A number of analysts have commented on the company. Zacks Investment Research cut 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. Barclays boosted their price objective on GrubHub from $62.00 to $69.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Citigroup raised GrubHub from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $91.00 in a report on Tuesday, June 25th. Benchmark reissued a “buy” rating and issued a $90.00 price objective on shares of GrubHub in a report on Wednesday, July 31st. Finally, Credit Suisse Group decreased their price objective on GrubHub from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $96.14.
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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