Amundi Pioneer Asset Management Inc. Acquires 369,316 Shares of GrubHub Inc (NYSE:GRUB)

Amundi Pioneer Asset Management Inc. raised its holdings in shares of GrubHub Inc (NYSE:GRUB) by 114.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 690,650 shares of the information services provider’s stock after acquiring an additional 369,316 shares during the period. Amundi Pioneer Asset Management Inc. owned approximately 0.76% of GrubHub worth $47,980,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Hawaiian Bank purchased a new position in GrubHub in the first quarter valued at about $30,000. YorkBridge Wealth Partners LLC purchased a new position in GrubHub in the first quarter valued at about $35,000. Quadrant Capital Group LLC grew its stake in GrubHub by 118.8% in the first quarter. Quadrant Capital Group LLC now owns 1,212 shares of the information services provider’s stock valued at $81,000 after purchasing an additional 658 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in GrubHub in the fourth quarter valued at about $168,000. Finally, Asahi Life Asset Management CO. LTD. purchased a new position in GrubHub in the first quarter valued at about $186,000.

In related news, insider Samuel Pike Hall sold 2,818 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $75.00, for a total value of $211,350.00. Following the sale, the insider now owns 940 shares in the company, valued at approximately $70,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam Dewitt sold 2,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $75.45, for a total transaction of $150,900.00. Following the completion of the sale, the chief financial officer now directly owns 44,044 shares of the company’s stock, valued at $3,323,119.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,249 shares of company stock worth $465,387. 1.88% of the stock is owned by company insiders.

A number of analysts have weighed in on the company. Argus boosted their price target on Apple to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Gordon Haskett initiated coverage on GrubHub in a research report on Monday, May 20th. They set a “buy” rating and a $75.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of GrubHub in a research report on Thursday, July 11th. BNP Paribas initiated coverage on GrubHub in a report on Friday, June 7th. They issued an “outperform” rating and a $84.00 price target for the company. Finally, Citigroup initiated coverage on Tallgrass Energy in a research note on Tuesday, June 25th. They issued a “buy” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $109.58.

Shares of NYSE GRUB traded up $0.44 during midday trading on Friday, reaching $75.35. The company’s stock had a trading volume of 955,955 shares, compared to its average volume of 1,870,033. The stock’s 50 day moving average price is $72.23. The firm has a market cap of $6.83 billion, a P/E ratio of 61.26, a P/E/G ratio of 3.67 and a beta of 1.21. GrubHub Inc has a fifty-two week low of $60.20 and a fifty-two week high of $149.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.28.

GrubHub (NYSE:GRUB) last posted its earnings results on Thursday, April 25th. The information services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.19. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. The firm had revenue of $323.77 million for the quarter, compared to analysts’ expectations of $322.23 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 39.2% on a year-over-year basis. Sell-side analysts anticipate that GrubHub Inc will post 0.81 earnings per share for the current year.

About GrubHub

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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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