The GrubHub Inc (GRUB) Position Reduced by Sapphire Star Partners LP

The GrubHub Inc (GRUB) Position Reduced by Sapphire Star Partners LP

Other institutional investors have also recently made changes to their positions in the company. Karp Capital Management Corp purchased a new position in shares of GrubHub during the first quarter worth $214,000. Global Endowment Management LP boosted its position in shares of GrubHub by 9.4% in the first quarter. Global Endowment Management LP now owns 6,520 shares of the information services provider’s stock worth $215,000 after buying an additional 560 shares in the last quarter. Juncture Wealth Strategies LLC purchased a new position in shares of GrubHub during the first quarter worth $234,000. Prudential Financial Inc. boosted its position in shares of GrubHub by 22.5% in the first quarter. Prudential Financial Inc. now owns 7,300 shares of the information services provider’s stock worth $240,000 after buying an additional 1,340 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of GrubHub during the first quarter worth $252,000.

Sapphire Star Partners LP lowered its position in shares of GrubHub Inc (NASDAQ:GRUB) by 18.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,040 shares of the information services provider’s stock after selling 2,104 shares during the period. Sapphire Star Partners LP’s holdings in GrubHub were worth $394,000 at the end of the most recent quarter.

GrubHub Inc (GRUB) traded down 1.938% during trading on Wednesday, hitting $46.305. The stock had a trading volume of 951,187 shares. The firm’s 50-day moving average price is $44.99 and its 200-day moving average price is $40.28. The company has a market cap of $3.99 billion and a price-to-earnings ratio of 70.159. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $48.16.

GRUB has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on GrubHub from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 28th. Loop Capital reaffirmed a “buy” rating on shares of GrubHub in a research note on Wednesday, April 19th. Roth Capital set a $45.00 price target on GrubHub and gave the stock a “buy” rating in a research note on Monday, April 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price target on shares of GrubHub in a research note on Thursday, May 25th. Finally, Wedbush set a $50.00 price target on GrubHub and gave the stock a “buy” rating in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. GrubHub currently has a consensus rating of “Buy” and a consensus target price of $47.55.

In related news, COO Stanley Chia sold 837 shares of GrubHub stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $44.61, for a total value of $37,338.57. Following the sale, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $54,201.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adam Dewitt sold 3,000 shares of GrubHub stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $45.00, for a total value of $135,000.00. Following the completion of the sale, the chief financial officer now owns 28,890 shares in the company, valued at $1,300,050. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,520 shares of company stock valued at $9,077,838.

GrubHub Company Profile

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

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