Morgens Waterfall Vintiadis Co Inc Exits Position in GrubHub Inc (GRUB)

GrubHub Inc (GRUB) : Morgens Waterfall Vintiadis Co Inc has sold out all of its stake in GrubHub Inc during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 50,000 shares of GrubHub Inc which is valued at $1,983,000.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in GRUB by selling 575 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 17,270 shares of GRUB which is valued at $684,928.Simplex Trading boosted its stake in GRUB in the latest quarter, The investment management firm added 746 additional shares and now holds a total of 9,874 shares of GrubHub Inc which is valued at $400,489. GrubHub Inc makes up approx 0.05% of Simplex Trading’s portfolio.First Mercantile Trust Co boosted its stake in GRUB in the latest quarter, The investment management firm added 5,770 additional shares and now holds a total of 7,990 shares of GrubHub Inc which is valued at $324,074. GrubHub Inc makes up approx 0.04% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in GRUB by selling 62 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 6,789 shares of GRUB which is valued at $277,263.Chevy Chase Trust Holdings boosted its stake in GRUB in the latest quarter, The investment management firm added 8,072 additional shares and now holds a total of 146,223 shares of GrubHub Inc which is valued at $5,971,747. GrubHub Inc makes up approx 0.03% of Chevy Chase Trust Holdings’s portfolio.

GrubHub Inc closed down -1.18 points or -2.89% at $39.66 with 19,53,694 shares getting traded on Tuesday. Post opening the session at $40.62, the shares hit an intraday low of $39.35 and an intraday high of $40.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 Upgraded by BofA/Merrill to ” Buy” on Oct 13, 2016. GrubHub Inc was Initiated by Argus to “Buy” on Oct 12, 2016. Stifel Downgraded GrubHub Inc on Oct 4, 2016 to ” Hold”, Price Target of the shares are set at $45.

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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