GrubHub Inc (GRUB) Shares Sold by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. lowered its position in GrubHub Inc (NASDAQ:GRUB) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 9,779 shares of the company’s stock after selling 238 shares during the period. Oppenheimer & Co. Inc.’s holdings in GrubHub were worth $304,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Blair William & Co. IL boosted its position in GrubHub by 8.1% in the second quarter. Blair William & Co. IL now owns 123,775 shares of the company’s stock worth $3,846,000 after buying an additional 9,298 shares during the last quarter. Turner Investments L.P. acquired a new position in GrubHub during the second quarter worth approximately $249,000. First Trust Advisors LP acquired a new position in GrubHub during the second quarter worth approximately $514,000. State Board of Administration of Florida Retirement System boosted its position in GrubHub by 8.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 44,199 shares of the company’s stock worth $1,373,000 after buying an additional 3,626 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in GrubHub by 3.7% in the second quarter. California Public Employees Retirement System now owns 194,000 shares of the company’s stock worth $6,028,000 after buying an additional 7,000 shares during the last quarter.
Shares of GrubHub Inc (NASDAQ:GRUB) traded up 0.68% on Wednesday, reaching $41.73. 647,995 shares of the company’s stock traded hands. The firm has a market cap of $3.56 billion and a P/E ratio of 86.94. The company’s 50-day moving average price is $39.65 and its 200 day moving average price is $30.23. GrubHub Inc has a one year low of $17.77 and a one year high of $42.97.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The firm earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. The company’s quarterly revenue was up 36.6% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. On average, equities analysts forecast that GrubHub Inc will post $0.85 EPS for the current fiscal year.
GRUB has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $47.00 price objective on shares of GrubHub in a report on Friday, September 16th. Morgan Stanley boosted their price objective on GrubHub from $31.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th. Jefferies Group initiated coverage on GrubHub in a report on Tuesday, August 16th. They set a “hold” rating and a $43.00 price objective for the company. Zacks Investment Research upgraded GrubHub from a “sell” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a report on Tuesday, August 2nd. Finally, Pacific Crest restated a “sector perform” rating on shares of GrubHub in a report on Tuesday, August 2nd. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.29.
In other news, SVP Margo Drucker sold 6,325 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $29.38, for a total transaction of $185,828.50. Following the completion of the sale, the senior vice president now owns 6,825 shares in the company, valued at approximately $200,518.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin C. Spero sold 1,968,007 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $38.84, for a total transaction of $76,437,391.88. The disclosure for this sale can be found here.
GrubHub Company Profile
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
Want to see what other hedge funds are holding GRUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GrubHub Inc (NASDAQ:GRUB).
Receive News & Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related companies with MarketBeat.com's FREE daily email newsletter.