GrubHub Inc (GRUB) Stake Held by MORGAN STANLEY Total Shares: 1,660,412
recently disclosed that they own a 1.9% stake in GrubHub Inc (NASDAQ:GRUB) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, October 11th. The investor owns 1,660,412 shares of the stock valued at approximately $65,851,940. The disclosure is available through EDGAR at this link.
Several other large investors also recently added to or reduced their stakes in GRUB. JPMorgan Chase & Co. raised its position in GrubHub by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 2,288,586 shares of the company’s stock valued at $71,106,000 after buying an additional 169,633 shares during the period. Bank of New York Mellon Corp raised its position in GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock valued at $9,953,000 after buying an additional 13,879 shares during the period. Emerald Acquisition Ltd. acquired a new position in GrubHub during the second quarter valued at about $21,899,000. DIAM Co. Ltd. raised its position in GrubHub by 12.9% in the second quarter. DIAM Co. Ltd. now owns 43,976 shares of the company’s stock valued at $1,342,000 after buying an additional 5,020 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in GrubHub by 16.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,558,304 shares of the company’s stock valued at $39,160,000 after buying an additional 217,357 shares during the period.
Shares of GrubHub Inc (NASDAQ:GRUB) traded down 2.89% during trading on Tuesday, reaching $39.66. 1,953,560 shares of the company’s stock were exchanged. The stock has a market cap of $3.38 billion and a PE ratio of 82.62. The stock’s 50 day moving average price is $41.18 and its 200-day moving average price is $32.07. GrubHub Inc has a 52-week low of $17.77 and a 52-week high of $44.58.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The business earned $120.20 million during the quarter, compared to the consensus estimate of $114.13 million. The business’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. On average, equities research analysts forecast that GrubHub Inc will post $0.84 EPS for the current year.
GRUB has been the subject of several recent research reports. Citigroup Inc. reissued a “buy” rating on shares of GrubHub in a research report on Wednesday, June 29th. Mizuho reaffirmed a “buy” rating and set a $33.00 price objective on shares of GrubHub in a report on Wednesday, July 27th. Wedbush reaffirmed an “outperform” rating and set a $47.00 price objective on shares of GrubHub in a report on Monday, August 15th. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $34.00) on shares of GrubHub in a report on Sunday, July 31st. Finally, Bank of America Corp. lowered shares of GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Friday, July 29th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.00.
In other news, CEO Matthew M. Maloney sold 14,491 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $41.87, for a total value of $606,738.17. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at approximately $69,043.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin C. Spero sold 1,968,007 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were 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.
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