Fmr LLC increased its holdings in GrubHub Inc (NYSE:GRUB) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,361,927 shares of the information services provider’s stock after buying an additional 44,626 shares during the period. Fmr LLC owned about 1.51% of GrubHub worth $142,880,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC purchased a new position in GrubHub in the 1st quarter valued at about $101,000. Dubuque Bank & Trust Co. purchased a new position in GrubHub in the 2nd quarter valued at about $107,000. Fortis Advisors LLC purchased a new position in GrubHub in the 1st quarter valued at about $173,000. Cerebellum GP LLC purchased a new position in GrubHub in the 2nd quarter valued at about $180,000. Finally, Wedbush Securities Inc. purchased a new position in GrubHub in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 99.96% of the company’s stock.

GRUB opened at $146.11 on Friday. The company has a market cap of $12.90 billion, a P/E ratio of 149.71, a price-to-earnings-growth ratio of 3.79 and a beta of 1.13. GrubHub Inc has a 1 year low of $49.60 and a 1 year high of $149.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.43 and a quick ratio of 3.43.

GrubHub (NYSE:GRUB) last posted its earnings results on Wednesday, July 25th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.19. The firm had revenue of $239.70 million during the quarter, compared to the consensus estimate of $233.05 million. GrubHub had a net margin of 15.16% and a return on equity of 10.52%. The company’s revenue was up 50.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. analysts expect that GrubHub Inc will post 1.5 earnings per share for the current year.

In other GrubHub news, insider Maria Belousova sold 3,368 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $143.85, for a total value of $484,486.80. Following the completion of the sale, the insider now owns 857 shares of the company’s stock, valued at $123,279.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Margo Drucker sold 1,237 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $144.00, for a total transaction of $178,128.00. Following the completion of the sale, the senior vice president now directly owns 892 shares of the company’s stock, valued at approximately $128,448. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,255 shares of company stock valued at $11,431,848. Corporate insiders own 2.37% of the company’s stock.

A number of research analysts have issued reports on the stock. Cowen restated a “buy” rating and issued a $149.00 target price on shares of GrubHub in a report on Thursday, July 26th. Credit Suisse Group upped their target price on shares of GrubHub from $99.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Roth Capital increased their price objective on shares of GrubHub from $100.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th. Stifel Nicolaus increased their price objective on shares of GrubHub from $110.00 to $140.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Finally, MED increased their price objective on shares of GrubHub from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $132.68.

GrubHub Company Profile

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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