Grubhub INC (GRUB) Shareholder Hitchwood Capital Management LP Lowered Its Position

Hitchwood Capital Management Lp decreased its stake in Grubhub Inc (GRUB) by 42.88% based on its latest 2018Q2 regulatory filing with the SEC. Hitchwood Capital Management Lp sold 255,246 shares as the company’s stock rose 22.95% with the market. The institutional investor held 340,000 shares of the business services company at the end of 2018Q2, valued at $35.67M, down from 595,246 at the end of the previous reported quarter. Hitchwood Capital Management Lp who had been investing in Grubhub Inc for a number of months, seems to be less bullish one the $6.97 billion market cap company. The stock decreased 5.66% or $4.61 during the last trading session, reaching $76.8. About 2.58M shares traded or 15.63% up from the average. GrubHub Inc. (NYSE:GRUB) has risen 154.46% since December 8, 2017 and is uptrending. It has outperformed by 138.84% the S&P500.

Hitchwood Capital Management Lp, which manages about $657.83M and $3.19B US Long portfolio, upped its stake in Square Inc by 700,000 shares to 1.00M shares, valued at $61.64M in 2018Q2, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 20,000 shares in the quarter, for a total of 70,000 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Analysts await GrubHub Inc. (NYSE:GRUB) to report earnings on February, 14. They expect $0.16 EPS, down 48.39 % or $0.15 from last year’s $0.31 per share. GRUB’s profit will be $14.51M for 120.00 P/E if the $0.16 EPS becomes a reality. After $0.33 actual EPS reported by GrubHub Inc. for the previous quarter, Wall Street now forecasts -51.52 % negative EPS growth.

More notable recent GrubHub Inc. (NYSE:GRUB) news were published by: Prnewswire.com which released: “Grubhub Releases Annual “Year In Food” Report Detailing Most Popular Dining Trends Of 2018 – PRNewswire” on December 06, 2018, also Seekingalpha.com with their article: “GrubHub: Cornering The Take-Away Food Delivery Market – Seeking Alpha” published on November 12, 2018, Gurufocus.com published: “Is GrubHub’s Fall Expected to Stop Anytime Soon? – GuruFocus.com” on November 20, 2018. More interesting news about GrubHub Inc. (NYSE:GRUB) were released by: Streetinsider.com and their article: “Evercore hires internet banker from Citi: sources – StreetInsider.com” published on December 05, 2018 as well as Fool.com‘s news article titled: “5 Top Stocks to Buy in December – The Motley Fool” with publication date: December 02, 2018.

GrubHub Inc. (NYSE:GRUB) Ratings Coverage

Among 11 analysts covering GrubHub (NYSE:GRUB), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. GrubHub had 14 analyst reports since June 18, 2018 according to SRatingsIntel. Canaccord Genuity maintained the shares of GRUB in report on Friday, October 26 with “Buy” rating. KeyBanc Capital Markets maintained GrubHub Inc. (NYSE:GRUB) rating on Thursday, July 26. KeyBanc Capital Markets has “Overweight” rating and $175 target. Argus Research maintained the stock with “Buy” rating in Friday, November 2 report. Craig Hallum maintained it with “Buy” rating and $14000 target in Monday, June 18 report. The firm has “Neutral” rating by Credit Suisse given on Wednesday, October 24. As per Tuesday, November 20, the company rating was reinitiated by Jefferies. The company was maintained on Wednesday, July 11 by Morgan Stanley. The stock of GrubHub Inc. (NYSE:GRUB) has “Market Perform” rating given on Friday, October 26 by Wells Fargo. Argus Research maintained GrubHub Inc. (NYSE:GRUB) rating on Friday, September 14. Argus Research has “Buy” rating and $170 target. Stifel Nicolaus upgraded GrubHub Inc. (NYSE:GRUB) on Friday, October 26 to “Buy” rating.

GrubHub Inc. (NYSE:GRUB) Ratings Chart

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