Trexquant Investment LP bought a new stake in shares of GrubHub Inc (NASDAQ:GRUB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,594 shares of the information services provider’s stock, valued at approximately $1,565,000.
Other institutional investors have also added to or reduced their stakes in the company. RWC Asset Management LLP raised its position in GrubHub by 2.9% in the third quarter. RWC Asset Management LLP now owns 316,163 shares of the information services provider’s stock valued at $13,592,000 after buying an additional 8,769 shares in the last quarter. KCG Holdings Inc. acquired a new position in GrubHub during the third quarter valued at approximately $678,000. BlackRock Advisors LLC raised its position in GrubHub by 68.6% in the third quarter. BlackRock Advisors LLC now owns 63,833 shares of the information services provider’s stock valued at $2,744,000 after buying an additional 25,976 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new position in GrubHub during the first quarter valued at approximately $234,000. Finally, AQR Capital Management LLC raised its position in GrubHub by 65.4% in the fourth quarter. AQR Capital Management LLC now owns 42,975 shares of the information services provider’s stock valued at $1,617,000 after buying an additional 16,997 shares in the last quarter.
Shares of GrubHub Inc (NASDAQ:GRUB) traded down 1.59% on Friday, reaching $43.37. 2,741,634 shares of the company were exchanged. GrubHub Inc has a 52 week low of $22.81 and a 52 week high of $46.83. The company’s 50-day moving average is $39.11 and its 200-day moving average is $37.62. The company has a market capitalization of $3.74 billion and a price-to-earnings ratio of 65.71.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. The business had revenue of $156.10 million during the quarter, compared to analysts’ expectations of $152.97 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue was up 39.1% compared to the same quarter last year. On average, equities analysts expect that GrubHub Inc will post $1.13 EPS for the current fiscal year.
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GRUB has been the topic of several recent research reports. Craig Hallum set a $44.00 target price on shares of GrubHub and gave the company a “hold” rating in a report on Monday, March 20th. Pacific Crest reaffirmed an “overweight” rating and set a $45.00 target price on shares of GrubHub in a report on Wednesday, March 22nd. Mizuho lowered shares of GrubHub from a “buy” rating to a “neutral” rating and reduced their target price for the company from $45.00 to $42.00 in a report on Thursday, February 9th. Zacks Investment Research raised shares of GrubHub from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Tuesday, April 11th. Finally, Roth Capital set a $45.00 target price on shares of GrubHub and gave the company a “buy” rating in a report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.75.
In related news, CEO Matthew M. Maloney sold 83,116 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $45.21, for a total value of $3,757,674.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margo Drucker sold 1,054 shares of the company’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $33.02, for a total transaction of $34,803.08. Following the completion of the sale, the senior vice president now directly owns 1,291 shares of the company’s stock, valued at $42,628.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,462 shares of company stock valued at $9,785,934.
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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