Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of GrubHub Inc (NYSE:GRUB) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,076,359 shares of the information services provider’s stock after selling 2,340 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 1.24% of GrubHub worth $56,681,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GRUB. Aperio Group LLC lifted its holdings in shares of GrubHub by 82.7% during the second quarter. Aperio Group LLC now owns 11,913 shares of the information services provider’s stock worth $519,000 after buying an additional 5,394 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of GrubHub by 39.4% during the second quarter. Russell Investments Group Ltd. now owns 426,415 shares of the information services provider’s stock worth $18,591,000 after buying an additional 120,482 shares during the last quarter. Strs Ohio lifted its holdings in shares of GrubHub by 83.3% during the second quarter. Strs Ohio now owns 13,200 shares of the information services provider’s stock worth $575,000 after buying an additional 6,000 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of GrubHub by 49.0% during the second quarter. Great West Life Assurance Co. Can now owns 9,163 shares of the information services provider’s stock worth $399,000 after buying an additional 3,013 shares during the last quarter. Finally, Rothschild Asset Management Inc. acquired a new position in shares of GrubHub in the second quarter valued at $22,947,000.

Shares of GrubHub Inc (NYSE:GRUB) traded down $0.96 during trading hours on Friday, reaching $66.60. The company’s stock had a trading volume of 1,587,855 shares, compared to its average volume of 1,004,124. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $69.82. The company has a market capitalization of $5,857.08, a PE ratio of 77.65, a price-to-earnings-growth ratio of 3.71 and a beta of 1.67.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. GrubHub had a return on equity of 5.01% and a net margin of 7.97%. The firm had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business’s revenue was up 32.1% compared to the same quarter last year. sell-side analysts forecast that GrubHub Inc will post 0.89 earnings per share for the current year.

A number of brokerages recently commented on GRUB. Cowen restated an “outperform” rating and issued a $78.00 target price (up from $65.00) on shares of GrubHub in a research note on Friday. Craig Hallum restated a “buy” rating and issued a $80.00 target price (up from $70.00) on shares of GrubHub in a research note on Tuesday, November 21st. KeyCorp set a $62.00 target price on GrubHub and gave the company a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, DA Davidson restated a “hold” rating and issued a $50.00 target price (up from $48.00) on shares of GrubHub in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.18.

In other news, SVP Margo Drucker sold 1,737 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $56.97, for a total transaction of $98,956.89. Following the sale, the senior vice president now owns 892 shares in the company, valued at $50,817.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Maria Belousova sold 2,686 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $57.03, for a total value of $153,182.58. Following the sale, the insider now owns 857 shares in the company, valued at approximately $48,874.71. The disclosure for this sale can be found here. Insiders have sold 320,105 shares of company stock worth $18,953,542 in the last 90 days. Company insiders own 2.37% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “GrubHub Inc (GRUB) Shares Sold by Mitsubishi UFJ Trust & Banking Corp” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/12/02/grubhub-inc-grub-shares-sold-by-mitsubishi-ufj-trust-banking-corp.html.

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.

Institutional Ownership by Quarter for GrubHub (NYSE: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.