Hengistbury Investment Partners Llp Exits Position in GrubHub Inc (GRUB)

GrubHub Inc (GRUB) : Hengistbury Investment Partners Llp has sold out all of its stake in GrubHub Inc during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 1,451,000 shares of GrubHub Inc which is valued at $36.8 Million.

Other Hedge Funds, Including , Parametric Portfolio Associates added GRUB to its portfolio by purchasing 26,188 company shares during the most recent quarter which is valued at $664,651.Eulav Asset Management boosted its stake in GRUB in the latest quarter, The investment management firm added 180,000 additional shares and now holds a total of 260,000 shares of GrubHub Inc which is valued at $6.6 Million. GrubHub Inc makes up approx 0.37% of Eulav Asset Management’s portfolio. Gabelli Funds added GRUB to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $196,640.Pelham Capital Ltd. boosted its stake in GRUB in the latest quarter, The investment management firm added 1,361,200 additional shares and now holds a total of 5,765,452 shares of GrubHub Inc which is valued at $141.7 Million. GrubHub Inc makes up approx 53.58% of Pelham Capital Ltd.’s portfolio.

GrubHub Inc opened for trading at $23.53 and hit $24.38 on the upside on Wednesday, eventually ending the session at $24.24, with a gain of 1.30% or 0.31 points. The heightened volatility saw the trading volume jump to 12,11,673 shares. Company has a market cap of $2,054 M.

On the company’s financial health, GrubHub Inc reported $0.20 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $112.20 million for the quarter, compared to analysts expectations of $111.31 million. The company’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on GrubHub Inc. GrubHub Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 4, 2016. Shares were Reiterated by Canaccord Genuity on May 4, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $35 .Company shares were Reiterated by Mizuho on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .

GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30000 local restaurants with diners in more than 800 cities across the United States. The Company’s target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition the Company enables re-ordering by storing previous orders preferences and payment information. The Company’s products include GrubHub and seamless Websites GrubHub and seamless mobile applications and mobile Website seamless corporate program allmenus and menupages orderhub and boost restaurant Websites and delivery.

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