Teachers Retirement System of The State of Kentucky Has $1.24 Million Holdings in GrubHub Inc (GRUB)
Teachers Retirement System of The State of Kentucky lessened its holdings in GrubHub Inc (NASDAQ:GRUB) by 3.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 28,438 shares of the information services provider’s stock after selling 1,037 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in GrubHub were worth $1,240,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after buying an additional 285 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in GrubHub in the 2nd quarter worth $146,000. Chicago Partners Investment Group LLC purchased a new stake in GrubHub in the 2nd quarter worth $154,000. Finally, Westfield Capital Management Co. LP purchased a new stake in GrubHub in the 2nd quarter worth $253,000.
In other GrubHub news, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $46.06, for a total value of $287,875.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Maria Belousova sold 2,308 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $57.09, for a total transaction of $131,763.72. Following the completion of the transaction, the chief technology officer now owns 857 shares in the company, valued at $48,926.13. The disclosure for this sale can be found here. Insiders sold a total of 389,723 shares of company stock worth $20,612,266 over the last quarter.
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GrubHub Inc (NASDAQ:GRUB) opened at 51.29 on Friday. The company has a 50 day moving average of $54.22 and a 200-day moving average of $45.75. The company has a market cap of $4.43 billion and a P/E ratio of 75.43. GrubHub Inc has a one year low of $32.43 and a one year high of $57.61.
GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, equities analysts expect that GrubHub Inc will post $1.09 earnings per share for the current fiscal year.
GRUB has been the subject of a number of analyst reports. Stifel Nicolaus set a $53.00 price target on GrubHub and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Wedbush set a $55.00 price target on GrubHub and gave the stock a “buy” rating in a research note on Friday, August 4th. Cowen and Company reiterated an “outperform” rating and issued a $54.00 price target on shares of GrubHub in a research note on Wednesday, August 9th. BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $50.00 price target on shares of GrubHub in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. GrubHub has an average rating of “Buy” and a consensus target price of $53.67.
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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