Caledonia (private) Investments Pty Ltd buys $361,944,655 stake in GrubHub Inc (GRUB)

GrubHub Inc (GRUB) : Caledonia (private) Investments Pty Ltd scooped up 587,561 additional shares in GrubHub Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 9,393,840 shares of GrubHub Inc which is valued at $361,944,655.GrubHub Inc makes up approximately 15.24% of Caledonia (private) Investments Pty Ltd’s portfolio.

Other Hedge Funds, Including , Signpost Capital Advisors Lp boosted its stake in GRUB in the latest quarter, The investment management firm added 97,985 additional shares and now holds a total of 457,898 shares of GrubHub Inc which is valued at $17,642,810. GrubHub Inc makes up approx 18.07% of Signpost Capital Advisors Lp’s portfolio.Raymond James Associates boosted its stake in GRUB in the latest quarter, The investment management firm added 916 additional shares and now holds a total of 9,633 shares of GrubHub Inc which is valued at $371,159. 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. Ao Asset Management added GRUB to its portfolio by purchasing 172,300 company shares during the most recent quarter which is valued at $6,636,996. GrubHub Inc makes up approx 1.64% of Ao Asset Management’s portfolio.

GrubHub Inc opened for trading at $39.02 and hit $40.24 on the upside on Monday, eventually ending the session at $39.94, with a gain of 2.36% or 0.92 points. The heightened volatility saw the trading volume jump to 18,04,035 shares. Company has a market cap of $3,403 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 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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