Three Peaks Capital Management LLC bought new shares at GrubHub Inc. (NYSE: GRUB) during the third quarter, according to the company in its latest disclosure with the SEC. Institutional investors bought 18,244 shares of information service providers, valued at around $ 2,529,000.
Some other institutional investors have also changed their position in GRUB. Dubuque Bank & Trust Co. bought a new position in GrubHub shares in the second quarter worth around $ 107,000. Massey Quick Simon & CO. LLC acquired new shares in GrubHub in the second quarter valued at around $ 147,000. Fcstone Intl. Inc. acquired new shares in GrubHub in the third quarter valued at around $ 230,000. Cerebellum GP LLC acquired new shares in GrubHub in the second quarter valued at around $ 180,000. Finally, Ipswich Investment Management Co. Inc. acquired new shares in GrubHub in the third quarter valued at around $ 263,000. 98.62% of the shares are currently owned by institutional investors and hedge funds.
Some analysts weigh on the company. Cowen reaffirmed the "buy" rating and set a price target of $ 149.00 on GrubHub shares in a research report on Thursday, July 26. Credit Suisse Group increases the objective of their prices at GrubHub from $ 121.00 to $ 125.00 and gives a "neutral" rating in the research report on Wednesday, October 24. Roth Capital increased the objective of their prices at GrubHub from $ 100.00 to $ 130.00 and gave "neutral" shares in a research report on Thursday, July 26. Stifel Nicolaus raised their price target at GrubHub from $ 110.00 to $ 140.00 and gave the ranking company "hold" in a report on Thursday, July 26. Finally, Zacks Investment Research raised GrubHub from a "sell" rating to a "hold" rating in a report on Wednesday, October 3. Two equity research analysts have rated stocks with selling points, ten have given hold ratings, fourteen have set buy ratings and one has set a strong buy rating against company shares. GrubHub currently has a "Buy" consensus rating and a consensus price target of $ 132.10.
In related news, CFO Adam Dewitt sold 2,250 business shares in a transaction dated August 20. Stock is sold at an average price of $ 127.41, with a total value of $ 286,672.50. After the completion of sales, the chief financial officer now owns 17,666 shares of the company, valued at $ 2,250,825.06. The sale is disclosed in filing with the SEC, which can be accessed through this link. Also, COO Stanley Chia sold 3,528 shares of business shares in transactions dated Wednesday, September 5. Stocks are sold at an average price of $ 143.78, with a total value of $ 507,255.84. After the completion of sales, the chief operating officer now owns 2,194 shares of the company's shares, valued at $ 315,453.32. Disclosures for this sale can be found here. Over the past ninety days, insiders have sold 65,479 shares of the company valued at $ 8,670,611. Insiders have 2.37% of the company's shares.
GRUB shares traded down $ 3.29 during midday trading on Friday, reaching $ 87.49. 2,705,969 company shares were exchanged, compared to an average volume of 1,775,127. The shares have a market capitalization of $ 7.85 billion, PE ratio 89.28, P / E / G ratio 2.66 and beta 1.61. GrubHub Inc. has a 1-year low of $ 64.20 and a 1-year high of $ 149.35. The company has a debt to equity ratio of 0.20, a current ratio of 2.31 and a fast ratio of 2.31.
GrubHub (NYSE: GRUB) last announced its profit results on Thursday, October 25. Information service providers reported $ 0.45 earnings per share (EPS) for the quarter, exceeding Zacks' consensus estimates of $ 0.31 to $ 0.14. GrubHub has a return on equity of 10.64% and a net margin of 14.83%. The business has $ 247.23 million in revenue for the quarter, compared to analyst estimates of $ 238.19 million. On average, anticipating research analysts that GrubHub Inc will record 1.29 earnings per share for the current year.
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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 around 80,000 local restaurants with visitors in around 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 operate Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com and eat24.com.
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