Simplex Trading buys $400,489 stake in GrubHub Inc (GRUB)

GrubHub Inc (GRUB) : Simplex Trading scooped up 746 additional shares in GrubHub Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 9,874 shares of GrubHub Inc which is valued at $400,489.GrubHub Inc makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , 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.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.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.

GrubHub Inc opened for trading at $40.38 and hit $40.62 on the upside on Friday, eventually ending the session at $40.56, with a gain of 0.62% or 0.25 points. The heightened volatility saw the trading volume jump to 15,52,180 shares. Company has a market cap of $3,456 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. Stifel Downgraded GrubHub Inc on Oct 4, 2016 to ” Hold”, Price Target of the shares are set at $45.Company shares were Reiterated by Canaccord Genuity on Sep 27, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $42 .GrubHub Inc was Initiated by Jefferies to “Hold” on Aug 16, 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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