Beacon Pointe Advisors LLC bought a new stake in GrubHub Inc (NYSE:GRUB) during the 4th quarter, Holdings Channel reports. The firm bought 3,100 shares of the information services provider’s stock, valued at approximately $238,000.
A number of other hedge funds have also recently added to or reduced their stakes in GRUB. Csenge Advisory Group acquired a new position in GrubHub in the third quarter valued at $69,000. Massey Quick Simon & CO. LLC lifted its holdings in GrubHub by 20.0% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock valued at $86,000 after buying an additional 186 shares during the period. Advisory Services Network LLC lifted its holdings in GrubHub by 287.6% in the third quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock valued at $134,000 after buying an additional 719 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in GrubHub in the third quarter valued at $146,000. Finally, Wakefield Asset Management LLLP acquired a new position in GrubHub in the third quarter valued at $172,000. Institutional investors and hedge funds own 92.53% of the company’s stock.
GRUB opened at $79.87 on Wednesday. GrubHub Inc has a 1-year low of $66.07 and a 1-year high of $149.35. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 81.50, a P/E/G ratio of 2.17 and a beta of 1.27.
GRUB has been the topic of several recent analyst reports. Canaccord Genuity set a $140.00 target price on shares of GrubHub and gave the company a “buy” rating in a report on Friday, October 26th. DA Davidson upgraded shares of GrubHub from a “neutral” rating to a “buy” rating and boosted their target price for the company from $115.00 to $120.00 in a report on Friday, October 26th. They noted that the move was a valuation call. Stifel Nicolaus upgraded shares of GrubHub from a “hold” rating to a “buy” rating and dropped their target price for the company from $140.00 to $125.00 in a report on Friday, October 26th. ValuEngine lowered shares of GrubHub from a “strong-buy” rating to a “buy” rating in a report on Friday, October 26th. Finally, Argus dropped their target price on shares of GrubHub from $170.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $121.68.
In other GrubHub news, CTO Maria Belousova sold 2,752 shares of GrubHub stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $74.72, for a total value of $205,629.44. Following the completion of the sale, the chief technology officer now directly owns 857 shares of the company’s stock, valued at $64,035.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 9,801 shares of company stock valued at $773,267. Insiders own 1.59% of the company’s stock.
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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