Landscape Capital Management L.L.C. Has $940,000 Position in Grubhub Inc. (NYSE:GRUB)


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Landscape Capital Management L.L.C. cut its position in shares of Grubhub Inc. (NYSE:GRUB) by 65.4% during the 4th quarter, Holdings Channel reports. The firm owned 12,655 shares of the information services provider’s stock after selling 23,956 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Grubhub were worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC increased its stake in shares of Grubhub by 56.1% during the 4th quarter. Sowell Financial Services LLC now owns 373 shares of the information services provider’s stock worth $28,000 after purchasing an additional 134 shares during the last quarter. Knowledge Leaders Capital LLC increased its stake in shares of Grubhub by 1.4% during the 4th quarter. Knowledge Leaders Capital LLC now owns 12,068 shares of the information services provider’s stock worth $896,000 after purchasing an additional 165 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Grubhub by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the information services provider’s stock worth $1,723,000 after purchasing an additional 200 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Grubhub by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 33,765 shares of the information services provider’s stock worth $2,508,000 after buying an additional 200 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Grubhub by 7.3% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,460 shares of the information services provider’s stock worth $337,000 after buying an additional 370 shares during the period. Institutional investors own 98.64% of the company’s stock.

Shares of Grubhub stock opened at $66.20 on Tuesday. The company has a 50 day moving average of $74.73 and a 200-day moving average of $73.77. Grubhub Inc. has a 1-year low of $29.35 and a 1-year high of $85.53. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The company has a market cap of $6.14 billion, a PE ratio of -52.96 and a beta of 0.96.

Grubhub (NYSE:GRUB) last issued its quarterly earnings results on Tuesday, February 2nd. The information services provider reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.21). The firm had revenue of $503.74 million for the quarter, compared to the consensus estimate of $507.46 million. Grubhub had a negative return on equity of 4.44% and a negative net margin of 6.99%. The business’s revenue was up 47.6% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. Research analysts forecast that Grubhub Inc. will post -0.88 earnings per share for the current year.

In related news, insider Margo Drucker sold 2,138 shares of the company’s stock in a transaction that occurred on Wednesday, February 3rd. The shares were sold at an average price of $74.75, for a total transaction of $159,815.50. Also, CFO Adam Dewitt sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $71.97, for a total transaction of $107,955.00. Following the transaction, the chief financial officer now owns 55,623 shares of the company’s stock, valued at $4,003,187.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,241 shares of company stock valued at $1,338,370. 1.88% of the stock is owned by corporate insiders.

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Grubhub from $49.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 11th. Wedbush reaffirmed a “neutral” rating on shares of Grubhub in a report on Sunday, November 1st. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have assigned a buy rating to the stock. Grubhub presently has a consensus rating of “Hold” and an average target price of $56.94.

Grubhub Profile

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 300,000 local restaurants with diners in various cities. It offers Grubhub and Seamless mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, and menupages.com.

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Institutional Ownership by Quarter for Grubhub (NYSE:GRUB)

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