State Board of Administration of Florida Retirement System trimmed its position in shares of GrubHub Inc (NYSE:GRUB) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,928 shares of the information services provider’s stock after selling 726 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.13% of GrubHub worth $16,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in GrubHub by 7.4% in the 2nd quarter. Baillie Gifford & Co. now owns 9,304,281 shares of the information services provider’s stock worth $976,111,000 after purchasing an additional 638,210 shares during the last quarter. Lansdowne Partners UK LLP lifted its holdings in GrubHub by 218.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock worth $213,454,000 after purchasing an additional 1,396,482 shares during the last quarter. First Trust Advisors LP lifted its holdings in GrubHub by 7.9% in the 3rd quarter. First Trust Advisors LP now owns 1,934,683 shares of the information services provider’s stock worth $268,186,000 after purchasing an additional 141,266 shares during the last quarter. FMR LLC lifted its holdings in GrubHub by 3.4% in the 2nd quarter. FMR LLC now owns 1,361,927 shares of the information services provider’s stock worth $142,880,000 after purchasing an additional 44,626 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in GrubHub by 0.4% in the 2nd quarter. Janus Henderson Group PLC now owns 530,618 shares of the information services provider’s stock worth $55,667,000 after purchasing an additional 2,154 shares during the last quarter. Hedge funds and other institutional investors own 99.30% of the company’s stock.

Several equities research analysts recently weighed in on GRUB shares. Canaccord Genuity set a $152.00 target price on GrubHub and gave the stock a “buy” rating in a report on Wednesday, July 25th. Barclays restated a “sell” rating and issued a $110.00 target price on shares of GrubHub in a report on Friday, July 27th. KeyCorp boosted their target price on GrubHub from $115.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Argus reduced their target price on GrubHub from $170.00 to $120.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Finally, Zacks Investment Research lowered GrubHub from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $132.10.

Shares of NYSE GRUB opened at $88.96 on Friday. The company has a current ratio of 2.31, a quick ratio of 3.43 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 90.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.61. GrubHub Inc has a 12 month low of $61.43 and a 12 month high of $149.35.

GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.14. The company had revenue of $247.23 million for the quarter, compared to the consensus estimate of $238.19 million. GrubHub had a return on equity of 10.64% and a net margin of 14.83%. On average, research analysts forecast that GrubHub Inc will post 1.29 earnings per share for the current fiscal year.

In other news, CTO Maria Belousova sold 2,752 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $92.25, for a total transaction of $253,872.00. Following the sale, the chief technology officer now directly owns 857 shares in the company, valued at $79,058.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Margo Drucker sold 1,667 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $127.41, for a total value of $212,392.47. Following the sale, the senior vice president now owns 1,767 shares in the company, valued at $225,133.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,479 shares of company stock worth $8,670,611. Company insiders own 2.37% of the company’s stock.

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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 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.

Further Reading: Understanding each part of a balance sheet

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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