Kovack Advisors Inc. Has $208,000 Position in GrubHub Inc (GRUB)

Kovack Advisors Inc. lessened its position in GrubHub Inc (NYSE:GRUB) by 39.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,497 shares of the information services provider’s stock after selling 967 shares during the period. Kovack Advisors Inc.’s holdings in GrubHub were worth $208,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Sapphire Star Partners LP increased its holdings in shares of GrubHub by 5.8% in the 2nd quarter. Sapphire Star Partners LP now owns 13,492 shares of the information services provider’s stock worth $1,415,000 after acquiring an additional 743 shares during the period. World Asset Management Inc increased its holdings in shares of GrubHub by 36.1% in the 2nd quarter. World Asset Management Inc now owns 3,196 shares of the information services provider’s stock worth $335,000 after acquiring an additional 848 shares during the period. Natixis increased its holdings in shares of GrubHub by 36.4% in the 2nd quarter. Natixis now owns 3,401 shares of the information services provider’s stock worth $357,000 after acquiring an additional 908 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GrubHub by 19.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,769 shares of the information services provider’s stock worth $605,000 after acquiring an additional 926 shares during the period. Finally, Yorktown Management & Research Co Inc increased its holdings in shares of GrubHub by 12.1% in the 2nd quarter. Yorktown Management & Research Co Inc now owns 8,966 shares of the information services provider’s stock worth $941,000 after acquiring an additional 966 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on GRUB shares. Craig Hallum raised their target price on shares of GrubHub from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 18th. Canaccord Genuity set a $152.00 target price on shares of GrubHub and gave the company a “buy” rating in a research note on Wednesday, July 25th. Barclays reissued a “sell” rating and set a $110.00 target price on shares of GrubHub in a research note on Friday, July 27th. KeyCorp raised their target price on shares of GrubHub from $115.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $137.00.

Shares of GRUB opened at $116.55 on Friday. The company has a market capitalization of $12.54 billion, a PE ratio of 118.93, a price-to-earnings-growth ratio of 3.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.43 and a current ratio of 3.43. GrubHub Inc has a 12-month low of $50.12 and a 12-month high of $149.35.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Wednesday, July 25th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.19. The company had revenue of $239.70 million for the quarter, compared to analysts’ expectations of $233.05 million. GrubHub had a net margin of 15.16% and a return on equity of 10.52%. The business’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. As a group, research analysts forecast that GrubHub Inc will post 1.5 EPS for the current fiscal year.

In other news, CEO Matthew M. Maloney sold 3,125 shares of GrubHub stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $119.25, for a total value of $372,656.25. Following the transaction, the chief executive officer now owns 7,035 shares of the company’s stock, valued at approximately $838,923.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam Dewitt sold 6,750 shares of GrubHub stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $110.28, for a total transaction of $744,390.00. Following the completion of the transaction, the chief financial officer now directly owns 17,676 shares in the company, valued at approximately $1,949,309.28. The disclosure for this sale can be found here. Insiders sold a total of 101,371 shares of company stock worth $13,367,363 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

GrubHub 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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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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