Barton Investment Management Lowers stake in GrubHub Inc (GRUB)

GrubHub Inc (GRUB) : Barton Investment Management reduced its stake in GrubHub Inc by 8.16% during the most recent quarter end. The investment management company now holds a total of 506,615 shares of GrubHub Inc which is valued at $19,514,810 after selling 45,000 shares in GrubHub Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.GrubHub Inc makes up approximately 6.91% of Barton Investment Management’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in GRUB in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 111,100 shares of GrubHub Inc which is valued at $4,279,572. GrubHub Inc makes up approx 0.01% of Swiss National Bank’s portfolio.California State Teachers Retirement System boosted its stake in GRUB in the latest quarter, The investment management firm added 9,865 additional shares and now holds a total of 169,614 shares of GrubHub Inc which is valued at $6,533,531. GrubHub Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Tocqueville Asset Management reduced its stake in GRUB by selling 5,422 shares or 38.86% in the most recent quarter. The Hedge Fund company now holds 8,530 shares of GRUB which is valued at $323,458.Cutler Group Lp boosted its stake in GRUB in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 3,666 shares of GrubHub Inc which is valued at $112,400. GrubHub Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.

GrubHub Inc opened for trading at $38.82 and hit $39.49 on the upside on Monday, eventually ending the session at $39.02, with a gain of 0.67% or 0.26 points. The heightened volatility saw the trading volume jump to 10,35,868 shares. Company has a market cap of $3,306 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 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 was Downgraded by Maxim Group to ” Hold” 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 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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