GrubHub Inc (GRUB) Shares Sold by Fred Alger Management Inc.
Fred Alger Management Inc. lowered its position in GrubHub Inc (NASDAQ:GRUB) by 14.0% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 976,497 shares of the company’s stock after selling 158,963 shares during the period. Fred Alger Management Inc. owned approximately 1.14% of GrubHub worth $36,736,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Caledonia Private Investments Pty Ltd boosted its position in GrubHub by 6.7% in the second quarter. Caledonia Private Investments Pty Ltd now owns 9,393,840 shares of the company’s stock worth $291,867,000 after buying an additional 587,561 shares in the last quarter. Baillie Gifford & Co. boosted its position in GrubHub by 3.1% in the fourth quarter. Baillie Gifford & Co. now owns 8,130,739 shares of the company’s stock worth $305,878,000 after buying an additional 242,368 shares in the last quarter. Vanguard Group Inc. boosted its position in GrubHub by 3.5% in the second quarter. Vanguard Group Inc. now owns 5,829,681 shares of the company’s stock worth $181,127,000 after buying an additional 195,547 shares in the last quarter. BlackRock Fund Advisors boosted its position in GrubHub by 10.2% in the third quarter. BlackRock Fund Advisors now owns 2,140,789 shares of the company’s stock worth $92,033,000 after buying an additional 198,040 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in GrubHub by 6.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,026,560 shares of the company’s stock worth $87,122,000 after buying an additional 126,710 shares in the last quarter.
Shares of GrubHub Inc (NASDAQ:GRUB) traded down 0.11% during trading on Thursday, reaching $37.06. 1,727,494 shares of the company’s stock traded hands. The company has a market cap of $3.17 billion and a price-to-earnings ratio of 63.90. The company’s 50-day moving average is $39.02 and its 200 day moving average is $39.19. GrubHub Inc has a 52-week low of $21.29 and a 52-week high of $44.58.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $137.50 million for the quarter, compared to the consensus estimate of $137.33 million. During the same period in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 37.5% compared to the same quarter last year. Equities analysts forecast that GrubHub Inc will post $1.09 EPS for the current year.
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GRUB has been the subject of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $47.00 price objective on shares of GrubHub in a research report on Wednesday, November 16th. Mizuho reiterated a “buy” rating and set a $45.00 price objective on shares of GrubHub in a research report on Friday, November 4th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Monday, October 31st. Credit Suisse Group initiated coverage on shares of GrubHub in a research report on Wednesday, January 11th. They set an “outperform” rating and a $48.00 price objective for the company. Finally, Morgan Stanley upgraded shares of GrubHub from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $36.00 to $44.00 in a research report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $42.68.
In other news, SVP Stanley Chia sold 12,903 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $38.07, for a total value of $491,217.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margo Drucker sold 7,084 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $36.85, for a total transaction of $261,045.40. Following the completion of the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at $368,500. The disclosure for this sale can be found here. Insiders sold 94,166 shares of company stock valued at $3,512,953 over the last 90 days.
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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