Pelham Capital Ltd. buys $141,714,810 stake in GrubHub Inc (GRUB)

GrubHub Inc (GRUB) : Pelham Capital Ltd. scooped up 1,361,200 additional shares in GrubHub Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 5,765,452 shares of GrubHub Inc which is valued at $141,714,810.GrubHub Inc makes up approximately 53.58% of Pelham Capital Ltd.’s portfolio.

Other Hedge Funds, Including , Bluecrest Capital Management Ltd added GRUB to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $245,800. GrubHub Inc makes up approx 0.02% of Bluecrest Capital Management Ltd’s portfolio. Checchi Capital Advisers added GRUB to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $295.Public Employees Retirement Association Of Colorado boosted its stake in GRUB in the latest quarter, The investment management firm added 1,107 additional shares and now holds a total of 15,267 shares of GrubHub Inc which is valued at $400,301. Glenmede Trust Co Na sold out all of its stake in GRUB during the most recent quarter. The investment firm sold 9,221 shares of GRUB which is valued $241,775.

GrubHub Inc opened for trading at $24.51 and hit $24.98 on the upside on Tuesday, eventually ending the session at $24.76, with a gain of 1.64% or 0.4 points. The heightened volatility saw the trading volume jump to 15,05,791 shares. Company has a market cap of $2,098 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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