Quantamental Technologies LLC Sells 2,744 Shares of GrubHub Inc (NYSE:GRUB)
Quantamental Technologies LLC lowered its position in GrubHub Inc (NYSE:GRUB) by 76.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 826 shares of the information services provider’s stock after selling 2,744 shares during the quarter. Quantamental Technologies LLC’s holdings in GrubHub were worth $64,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Clearbridge Investments LLC raised its stake in GrubHub by 257.6% in the 1st quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock worth $418,821,000 after acquiring an additional 4,342,673 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of GrubHub by 9.4% during the 2nd quarter. Baillie Gifford & Co. now owns 10,040,807 shares of the information services provider’s stock valued at $783,082,000 after acquiring an additional 865,569 shares during the period. FIL Ltd acquired a new stake in shares of GrubHub during the 1st quarter valued at about $33,850,000. Janus Henderson Group PLC grew its position in shares of GrubHub by 52.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,199,528 shares of the information services provider’s stock valued at $93,551,000 after acquiring an additional 413,856 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of GrubHub by 114.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 690,650 shares of the information services provider’s stock valued at $47,980,000 after acquiring an additional 369,316 shares during the period.
In related news, CFO Adam Dewitt sold 2,000 shares of GrubHub stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $75.45, for a total value of $150,900.00. Following the completion of the sale, the chief financial officer now owns 44,044 shares in the company, valued at approximately $3,323,119.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margo Drucker sold 587 shares of GrubHub stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $60.00, for a total transaction of $35,220.00. Following the completion of the sale, the senior vice president now owns 8,315 shares of the company’s stock, valued at approximately $498,900. The disclosure for this sale can be found here. Insiders sold a total of 27,615 shares of company stock valued at $2,002,617 in the last quarter. 1.88% of the stock is owned by insiders.
GrubHub (NYSE:GRUB) last released its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.13. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. The firm had revenue of $325.06 million for the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities research analysts expect that GrubHub Inc will post 0.69 earnings per share for the current year.
GRUB has been the topic of a number of analyst reports. Morgan Stanley dropped their target price on GrubHub from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Cowen dropped their target price on GrubHub from $91.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday. DA Davidson set a $100.00 target price on GrubHub and gave the company a “buy” rating in a research report on Friday, August 16th. BNP Paribas initiated coverage on GrubHub in a research report on Friday, June 7th. They set an “outperform” rating and a $84.00 target price on the stock. Finally, Citigroup upgraded GrubHub from a “neutral” rating to a “buy” rating and raised their target price for the company from $75.00 to $91.00 in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. GrubHub presently has an average rating of “Buy” and an average price target of $95.45.
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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
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