Crossmark Global Holdings Inc. Acquires Shares of 7,230 GrubHub Inc (NYSE:GRUB)

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Crossmark Global Holdings Inc. bought a new stake in GrubHub Inc (NYSE:GRUB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,230 shares of the information services provider’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue boosted its position in GrubHub by 53.9% during the third quarter. State of Alaska Department of Revenue now owns 16,240 shares of the information services provider’s stock worth $912,000 after purchasing an additional 5,686 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of GrubHub by 0.3% during the second quarter. Macquarie Group Ltd. now owns 184,429 shares of the information services provider’s stock worth $14,384,000 after buying an additional 616 shares during the last quarter. Atria Investments LLC acquired a new position in shares of GrubHub during the second quarter worth approximately $457,000. Treasurer of the State of North Carolina lifted its holdings in shares of GrubHub by 1.8% during the second quarter. Treasurer of the State of North Carolina now owns 64,800 shares of the information services provider’s stock worth $5,054,000 after buying an additional 1,120 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in shares of GrubHub by 31.1% during the second quarter. Nomura Holdings Inc. now owns 51,073 shares of the information services provider’s stock worth $3,909,000 after buying an additional 12,103 shares during the last quarter.

A number of research analysts have recently commented on the company. JMP Securities lowered GrubHub from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. BTIG Research lowered GrubHub from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 29th. Mizuho lowered GrubHub from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Tuesday, October 29th. Barclays reiterated a “sell” rating and set a $51.00 price objective on shares of GrubHub in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus lowered GrubHub from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $40.00 in a research note on Tuesday, October 29th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $61.20.

In other news, SVP Margo Drucker sold 587 shares of GrubHub stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $60.00, for a total transaction of $35,220.00. Following the completion of the transaction, the senior vice president now directly owns 8,315 shares in the company, valued at approximately $498,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Richman bought 3,000 shares of GrubHub stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $33.31 per share, with a total value of $99,930.00. Following the completion of the purchase, the director now directly owns 3,284 shares in the company, valued at approximately $109,390.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 4,874 shares of company stock valued at $268,646. Corporate insiders own 1.88% of the company’s stock.

GrubHub stock traded up $1.58 during midday trading on Friday, reaching $36.19. The stock had a trading volume of 4,543,027 shares, compared to its average volume of 2,958,332. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.42 and a current ratio of 2.34. The firm’s fifty day simple moving average is $51.51 and its 200-day simple moving average is $63.64. The stock has a market capitalization of $3.26 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 6.71 and a beta of 1.12. GrubHub Inc has a 1-year low of $32.11 and a 1-year high of $91.79.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Monday, October 28th. The information services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.15. The firm had revenue of $322.05 million during the quarter, compared to the consensus estimate of $329.54 million. GrubHub had a return on equity of 2.89% and a net margin of 0.32%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. On average, sell-side analysts anticipate that GrubHub Inc will post 0.19 earnings per share for the current fiscal 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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