Maverick Capital Ltd. Invests $1.32 Million in GrubHub Inc (GRUB)

Maverick Capital Ltd. purchased a new position in GrubHub Inc (NASDAQ:GRUB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,170 shares of the information services provider’s stock, valued at approximately $1,315,000.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of GrubHub by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 736,610 shares of the information services provider’s stock worth $32,116,000 after acquiring an additional 77,237 shares during the period. Geneva Advisors LLC bought a new position in shares of GrubHub in the second quarter worth $622,000. Oppenheimer & Co. Inc. bought a new position in shares of GrubHub in the first quarter worth $531,000. Delta Lloyd Asset Management N.V. bought a new position in shares of GrubHub in the second quarter worth $2,126,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of GrubHub in the first quarter worth $949,000.

In related news, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $51.37, for a total transaction of $321,062.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Margo Drucker sold 1,736 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $47.18, for a total transaction of $81,904.48. Following the transaction, the senior vice president now owns 1,292 shares in the company, valued at $60,956.56. The disclosure for this sale can be found here. Insiders have sold 383,274 shares of company stock worth $20,351,930 over the last 90 days.

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GrubHub Inc (GRUB) traded up 0.80% during mid-day trading on Tuesday, reaching $51.55. The company’s stock had a trading volume of 106,261 shares. GrubHub Inc has a one year low of $32.43 and a one year high of $57.61. The firm’s 50 day moving average is $53.83 and its 200-day moving average is $46.58. The stock has a market cap of $4.45 billion and a P/E ratio of 75.81.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. Equities analysts expect that GrubHub Inc will post $1.09 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 price target on shares of GrubHub in a report on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a research note on Wednesday, August 9th. BidaskClub raised GrubHub from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Cowen and Company reissued an “outperform” rating and set a $54.00 price objective on shares of GrubHub in a research note on Wednesday, August 9th. Finally, Wedbush reissued an “outperform” rating and set a $60.00 price objective (down previously from $63.00) on shares of GrubHub in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $53.74.

About GrubHub

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 (NASDAQ:GRUB)

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