Prudential Financial Inc. Has $4.10 Million Position in GrubHub Inc (GRUB)
Prudential Financial Inc. increased its stake in GrubHub Inc (NASDAQ:GRUB) by 1,189.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,120 shares of the information services provider’s stock after buying an additional 86,820 shares during the quarter. Prudential Financial Inc. owned about 0.11% of GrubHub worth $4,104,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geneva Advisors LLC bought a new stake in GrubHub in the second quarter worth $622,000. Federated Investors Inc. PA lifted its position in GrubHub by 8.4% in the second quarter. Federated Investors Inc. PA now owns 958,755 shares of the information services provider’s stock worth $41,802,000 after buying an additional 74,555 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in GrubHub by 12.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 50,322 shares of the information services provider’s stock worth $2,194,000 after buying an additional 5,523 shares during the last quarter. Fortaleza Asset Management Inc. bought a new stake in GrubHub in the second quarter worth $146,000. Finally, Blair William & Co. IL lifted its position in GrubHub by 18.2% in the second quarter. Blair William & Co. IL now owns 142,151 shares of the information services provider’s stock worth $6,198,000 after buying an additional 21,932 shares during the last quarter.
In other news, COO Stanley Chia sold 837 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $43.54, for a total transaction of $36,442.98. Following the sale, the chief operating officer now owns 1,215 shares of the company’s stock, valued at approximately $52,901.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew M. Maloney sold 6,250 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $55.90, for a total value of $349,375.00. The disclosure for this sale can be found here. Insiders sold a total of 381,788 shares of company stock worth $20,081,660 in the last ninety days.
A number of brokerages recently issued reports on GRUB. Pacific Crest restated an “overweight” rating and issued a $50.00 price target on shares of GrubHub in a research report on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of GrubHub in a research report on Wednesday, August 9th. DA Davidson began coverage on GrubHub in a research report on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price target for the company. Cowen and Company restated an “outperform” rating and issued a $65.00 price target (up from $54.00) on shares of GrubHub in a research report on Thursday, September 14th. Finally, Wedbush set a $50.00 price target on GrubHub and gave the stock a “buy” rating in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $51.62.
GrubHub Inc (NASDAQ:GRUB) opened at 53.51 on Friday. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $57.61. The firm has a 50-day moving average price of $54.42 and a 200 day moving average price of $44.19. The stock has a market cap of $4.62 billion and a price-to-earnings ratio of 78.69.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. On average, equities research analysts anticipate that GrubHub Inc will post $1.10 EPS for the current fiscal year.
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.
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