GrubHub Inc (GRUB) Position Maintained by Proficio Capital Partners LLC
Proficio Capital Partners LLC held its position in GrubHub Inc (NASDAQ:GRUB) during the second quarter, Holdings Channel reports. The firm owned 41,442 shares of the company’s stock at the end of the second quarter. GrubHub comprises about 1.0% of Proficio Capital Partners LLC’s portfolio, making the stock its 25th largest position. Proficio Capital Partners LLC’s holdings in GrubHub were worth $1,581,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock valued at $124,000 after buying an additional 2,817 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in GrubHub during the second quarter valued at $213,000. Strs Ohio boosted its position in GrubHub by 411.8% in the second quarter. Strs Ohio now owns 8,700 shares of the company’s stock valued at $270,000 after buying an additional 7,000 shares in the last quarter. BlackRock Group LTD boosted its position in GrubHub by 28.2% in the first quarter. BlackRock Group LTD now owns 38,003 shares of the company’s stock valued at $956,000 after buying an additional 8,357 shares in the last quarter. Finally, Morgens Waterfall Vintiadis & Co. Inc. purchased a new position in GrubHub during the second quarter valued at $1,554,000.
Shares of GrubHub Inc (NASDAQ:GRUB) traded up 1.08% during midday trading on Monday, reaching $42.01. The company’s stock had a trading volume of 2,213,889 shares. The company has a market capitalization of $3.58 billion and a P/E ratio of 87.52. The stock’s 50-day moving average is $41.46 and its 200-day moving average is $32.38. GrubHub Inc has a one year low of $17.77 and a one year high of $44.58.
GrubHub (NASDAQ:GRUB) last released its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, beating the 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 business’s revenue was up 36.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. On average, equities analysts expect that GrubHub Inc will post $0.84 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Argus assumed coverage on GrubHub in a report on Wednesday, October 12th. They set a “buy” rating and a $52.00 price target for the company. Stifel Nicolaus restated a “buy” rating and set a $45.00 price target (up previously from $32.00) on shares of GrubHub in a report on Friday, July 29th. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, July 13th. Wedbush restated an “outperform” rating and set a $47.00 price target (up previously from $40.00) on shares of GrubHub in a report on Thursday, July 28th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $26.00 target price (up previously from $22.00) on shares of GrubHub in a report on Wednesday, July 27th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. GrubHub presently has a consensus rating of “Hold” and an average target price of $41.13.
In other news, CEO Matthew M. Maloney sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $40.00, for a total value of $28,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 14,491 shares of the firm’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 owns 1,649 shares in the company, valued at approximately $69,043.63. 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.