FIL Ltd acquired a new position in shares of GrubHub Inc (NASDAQ:GRUB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 380,789 shares of the information services provider’s stock, valued at approximately $16,602,000. FIL Ltd owned approximately 0.44% of GrubHub as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GRUB. Wells Fargo & Company MN grew its position in GrubHub by 95.9% during the 1st quarter. Wells Fargo & Company MN now owns 218,481 shares of the information services provider’s stock worth $7,186,000 after purchasing an additional 106,971 shares in the last quarter. Bank of New York Mellon Corp grew its position in GrubHub by 94.4% during the 1st quarter. Bank of New York Mellon Corp now owns 659,373 shares of the information services provider’s stock worth $21,686,000 after purchasing an additional 320,115 shares in the last quarter. Swiss National Bank grew its position in GrubHub by 1.0% during the 1st quarter. Swiss National Bank now owns 113,200 shares of the information services provider’s stock worth $3,723,000 after purchasing an additional 1,100 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in GrubHub by 48.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 39,963 shares of the information services provider’s stock worth $1,314,000 after purchasing an additional 13,076 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in GrubHub during the 1st quarter worth approximately $214,000.

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Several research firms have weighed in on GRUB. Bank of America Corporation lifted their price objective on shares of GrubHub from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. KeyCorp reiterated a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of GrubHub in a research report on Wednesday, September 6th. DA Davidson began coverage on shares of GrubHub in a research report on Wednesday, September 13th. They set a “neutral” rating and a $48.00 price objective on the stock. Cowen and Company reiterated an “outperform” rating and set a $65.00 price objective (up from $54.00) on shares of GrubHub in a research report on Thursday, September 14th. Finally, Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $51.62.

Shares of GrubHub Inc (NASDAQ GRUB) opened at 51.69 on Monday. The company has a market capitalization of $4.47 billion and a PE ratio of 76.01. GrubHub Inc has a one year low of $32.43 and a one year high of $57.61. The company has a 50-day moving average of $54.42 and a 200-day moving average of $44.19.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The business had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. On average, analysts anticipate that GrubHub Inc will post $1.10 earnings per share for the current year.

In related news, CTO Maria Belousova sold 2,308 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $57.09, for a total value of $131,763.72. Following the completion of the transaction, the chief technology officer now owns 857 shares of the company’s stock, valued at $48,926.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Margo Drucker sold 1,054 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $43.86, for a total transaction of $46,228.44. Following the completion of the transaction, the senior vice president now directly owns 1,291 shares of the company’s stock, valued at approximately $56,623.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 384,130 shares of company stock valued at $20,208,877.

About GrubHub

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.

Institutional Ownership by Quarter for GrubHub (NASDAQ:GRUB)

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