Schwab Charles Investment Management Inc. Purchases 34,342 Shares of GrubHub Inc (GRUB)
Schwab Charles Investment Management Inc. boosted its position in GrubHub Inc (NASDAQ:GRUB) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 382,760 shares of the information services provider’s stock after acquiring an additional 34,342 shares during the period. Schwab Charles Investment Management Inc. owned 0.44% of GrubHub worth $16,689,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in GRUB. Chicago Partners Investment Group LLC bought a new position in GrubHub in the second quarter worth approximately $154,000. Karp Capital Management Corp bought a new position in GrubHub in the first quarter worth approximately $214,000. Global Endowment Management LP boosted its holdings in GrubHub by 9.4% in the first quarter. Global Endowment Management LP now owns 6,520 shares of the information services provider’s stock worth $215,000 after acquiring an additional 560 shares in the last quarter. Prudential Financial Inc. boosted its holdings in GrubHub by 22.5% in the first quarter. Prudential Financial Inc. now owns 7,300 shares of the information services provider’s stock worth $240,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in GrubHub in the first quarter worth approximately $252,000.
Shares of GrubHub Inc (GRUB) opened at 51.69 on Friday. The company’s 50-day moving average price is $54.42 and its 200-day moving average price is $44.19. GrubHub Inc has a one year low of $32.43 and a one year high of $57.61. The company has a market capitalization of $4.47 billion and a price-to-earnings ratio of 76.01.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $158.79 million for the quarter, compared to analysts’ expectations 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 predict that GrubHub Inc will post $1.10 earnings per share for the current year.
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In other news, insider Barbara Martin Coppola sold 2,342 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $54.32, for a total transaction of $127,217.44. Following the transaction, the insider now directly owns 10,488 shares of the company’s stock, valued at approximately $569,708.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Stanley Chia sold 705 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $56.66, for a total value of $39,945.30. Following the transaction, the chief operating officer now directly owns 1,216 shares in the company, valued at $68,898.56. The disclosure for this sale can be found here. Insiders have sold a total of 384,130 shares of company stock worth $20,208,877 over the last three months.
Several research analysts have issued reports on the company. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Wedbush reiterated an “outperform” rating and issued a $54.93 price target (down previously from $63.00) on shares of GrubHub in a report on Wednesday, August 23rd. DA Davidson assumed coverage on GrubHub in a report on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price target on the stock. Wells Fargo & Company assumed coverage on GrubHub in a report on Thursday, June 15th. They issued a “market perform” rating and a $45.00 price target on the stock. Finally, Roth Capital set a $55.00 price target on GrubHub and gave the stock a “buy” rating in a report on Monday, July 31st. Two 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 given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.62.
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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