GrubHub Inc (GRUB) : Foxhaven Asset Management Lp has sold out all of its stake in GrubHub Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 900,904 shares of GrubHub Inc which is valued at $34,711,831.
Other Hedge Funds, Including , Joho Capital reduced its stake in GRUB by selling 380,000 shares or 9.96% in the most recent quarter. The Hedge Fund company now holds 3,435,704 shares of GRUB which is valued at $132,377,675. GrubHub Inc makes up approx 30.54% of Joho Capital’s portfolio. Engineers Gate Manager Lp added GRUB to its portfolio by purchasing 116,992 company shares during the most recent quarter which is valued at $4,507,702. GrubHub Inc makes up approx 0.31% of Engineers Gate Manager Lp’s portfolio. Global X Management Co added GRUB to its portfolio by purchasing 270 company shares during the most recent quarter which is valued at $10,422.Ubs Asset Management Americas Inc boosted its stake in GRUB in the latest quarter, The investment management firm added 894 additional shares and now holds a total of 41,374 shares of GrubHub Inc which is valued at $1,597,036. Oxford Asset Management sold out all of its stake in GRUB during the most recent quarter. The investment firm sold 44,965 shares of GRUB which is valued $1,735,649.
GrubHub Inc opened for trading at $40.57 and hit $41.08 on the upside on Thursday, eventually ending the session at $41.06, with a gain of 1.21% or 0.49 points. The heightened volatility saw the trading volume jump to 11,86,364 shares. Company has a market cap of $3,499 M.
On the company’s financial health, GrubHub Inc reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.19. The company had revenue of $120.20 million for the quarter, compared to analysts expectations of $114.25 million. The company’s revenue was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Many Wall Street Analysts have commented on GrubHub Inc. GrubHub Inc was Initiated by Jefferies to “Hold” on Aug 16, 2016. GrubHub Inc was Downgraded by BofA/Merrill to ” Neutral” on Jul 29, 2016. GrubHub Inc was Downgraded by Monness Crespi & Hardt to ” Neutral” on Jul 29, 2016.
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 Companys 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 Companys 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.