Teacher Retirement System of Texas purchased a new position in GrubHub Inc (NASDAQ:GRUB) during the second quarter, Holdings Channel reports. The fund purchased 311,487 shares of the information services provider’s stock, valued at approximately $13,581,000.

A number of 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 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock worth $315,169,000 after buying an additional 1,174,124 shares in the last quarter. Baillie Gifford & Co. boosted its position in GrubHub by 1.4% in the first quarter. Baillie Gifford & Co. now owns 8,242,999 shares of the information services provider’s stock worth $271,112,000 after buying an additional 112,260 shares in the last quarter. Vanguard Group Inc. boosted its position in GrubHub by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider’s stock worth $221,973,000 after buying an additional 281,024 shares in the last quarter. BlackRock Inc. boosted its position in GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock worth $167,094,000 after buying an additional 5,073,663 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in GrubHub by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 3,095,577 shares of the information services provider’s stock worth $101,814,000 after buying an additional 387,276 shares in the last quarter.

Shares of GrubHub Inc (NASDAQ GRUB) opened at 54.46 on Friday. The company’s 50 day moving average price is $46.91 and its 200 day moving average price is $41.04. The firm has a market capitalization of $4.70 billion and a price-to-earnings ratio of 80.09. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $57.26.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. The company had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. Analysts forecast that GrubHub Inc will post $1.10 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first published by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/13/311487-shares-in-grubhub-inc-nasdaqgrub-acquired-by-teacher-retirement-system-of-texas.html.

A number of equities analysts have weighed in on GRUB shares. Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Stifel Nicolaus set a $53.00 price target on GrubHub and gave the stock a “buy” rating in a report on Thursday, August 3rd. Wedbush set a $55.00 price target on GrubHub and gave the stock a “buy” rating in a report on Friday, August 4th. Cowen and Company restated an “outperform” rating and issued a $54.00 price target on shares of GrubHub in a report on Wednesday. Finally, Barclays PLC restated a “hold” rating and issued a $45.00 price target on shares of GrubHub in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub currently has an average rating of “Buy” and an average price target of $48.87.

In other news, CTO Maria Belousova sold 1,042 shares of GrubHub stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.86, for a total transaction of $45,702.12. Following the sale, the chief technology officer now owns 857 shares of the company’s stock, valued at approximately $37,588.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stanley Chia sold 822 shares of GrubHub stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.65, for a total value of $38,346.30. Following the sale, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $56,679.75. The disclosure for this sale can be found here. Insiders have sold a total of 280,342 shares of company stock worth $13,974,090 in the last three months.

GrubHub Company Profile

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

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).

Institutional Ownership by Quarter for GrubHub (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.