Marathon Partners Equity Management LLC Has $11.06 Million Position in GrubHub Inc (GRUB)

Marathon Partners Equity Management LLC lowered its position in GrubHub Inc (NYSE:GRUB) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,000 shares of the information services provider’s stock after selling 57,500 shares during the quarter. GrubHub makes up about 4.9% of Marathon Partners Equity Management LLC’s portfolio, making the stock its 7th biggest position. Marathon Partners Equity Management LLC owned approximately 0.24% of GrubHub worth $11,059,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GRUB. Caledonia Private Investments Pty Ltd boosted its position in GrubHub by 8.0% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock valued at $563,614,000 after acquiring an additional 790,969 shares in the last quarter. Baillie Gifford & Co. boosted its position in GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock valued at $365,605,000 after acquiring an additional 142,445 shares in the last quarter. Vanguard Group Inc. boosted its position in GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after acquiring an additional 203,802 shares in the last quarter. BlackRock Inc. boosted its position in GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after acquiring an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion boosted its position in GrubHub by 5.2% during the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock valued at $275,621,000 after acquiring an additional 257,429 shares in the last quarter.

Several brokerages have issued reports on GRUB. Cowen reaffirmed an “outperform” rating and set a $78.00 target price (up previously from $65.00) on shares of GrubHub in a research report on Friday, December 1st. Craig Hallum reaffirmed a “buy” rating and set a $80.00 target price (up previously from $70.00) on shares of GrubHub in a research report on Tuesday, November 21st. KeyCorp set a $62.00 target price on GrubHub and gave the company a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, DA Davidson reiterated a “hold” rating and set a $50.00 price objective (up previously from $48.00) on shares of GrubHub in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. GrubHub has an average rating of “Buy” and an average target price of $59.18.

In related news, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $51.13, for a total value of $255,650.00. Following the completion of the transaction, the chief financial officer now owns 20,114 shares in the company, valued at approximately $1,028,428.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Margo Drucker sold 1,621 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $67.24, for a total value of $108,996.04. Following the completion of the transaction, the senior vice president now owns 892 shares of the company’s stock, valued at approximately $59,978.08. The disclosure for this sale can be found here. Insiders sold a total of 338,633 shares of company stock valued at $20,241,687 in the last 90 days. 2.37% of the stock is currently owned by company insiders.

Shares of GrubHub Inc (NYSE:GRUB) traded up $0.84 during mid-day trading on Thursday, reaching $68.42. The company had a trading volume of 657,300 shares, compared to its average volume of 1,971,885. The stock has a market cap of $5,858.82, a price-to-earnings ratio of 77.68, a price-to-earnings-growth ratio of 3.71 and a beta of 1.67. GrubHub Inc has a one year low of $32.43 and a one year high of $69.82.

GrubHub (NYSE:GRUB) last issued its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The company had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. equities research analysts forecast that GrubHub Inc will post 0.89 EPS for the current year.

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GrubHub Profile

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.

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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