As Grubhub INC (GRUB) Stock Value Rose, Joho Capital LLC Has Upped Stake

July 18, 2017 - By Peter Erickson

Robert Karr increased its stake in Grubhub Inc (GRUB) by 27.22% based on its latest 2016Q4 regulatory filing with the SEC. Joho Capital Llc bought 935,100 shares as the company’s stock rose 15.35% with the market. The hedge fund run by Robert Karr held 4.37 million shares of the business services company at the end of 2016Q4, valued at $164.43 million, up from 3.44 million at the end of the previous reported quarter. Joho Capital Llc who had been investing in Grubhub Inc for a number of months, seems to be bullish on the $3.86 billion market cap company. The stock declined 1.12% or $0.51 reaching $45 on the news. About 605 shares traded. GrubHub Inc (NYSE:GRUB) has risen 94.22% since July 18, 2016 and is uptrending. It has outperformed by 77.52% the S&P500.

More notable recent GrubHub Inc (NYSE:GRUB) news were published by: Investorplace.com which released: “Why GrubHub Inc (GRUB) Stock Is a No-Go Right Now” on June 29, 2017, also Investorplace.com with their article: “3 Stocks to Watch on Monday: Pandora Media Inc (P), GrubHub Inc (GRUB) and …” published on June 26, 2017, Seekingalpha.com published: “Monness reiterates lonesome Sell on GrubHub as competition mounts” on June 27, 2017. More interesting news about GrubHub Inc (NYSE:GRUB) were released by: Seekingalpha.com and their article: “GrubHub: Too Many Big Fish” published on June 20, 2017 as well as Streetinsider.com‘s news article titled: “Cowen Upgrades GrubHub Inc. (GRUB) to Outperform” with publication date: July 12, 2017.

GrubHub Inc (NYSE:GRUB) Ratings Coverage

Among 24 analysts covering Grubhub Inc (NYSE:GRUB), 15 have Buy rating, 1 Sell and 8 Hold. Therefore 63% are positive. Grubhub Inc had 62 analyst reports since July 27, 2015 according to SRatingsIntel. Susquehanna initiated the shares of GRUB in report on Monday, August 10 with “Positive” rating. Northland Capital maintained GrubHub Inc (NYSE:GRUB) on Wednesday, October 28 with “Outperform” rating. The rating was maintained by Wedbush on Monday, June 19 with “Buy”. The firm earned “Buy” rating on Friday, June 30 by Canaccord Genuity. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 29 report. Pacific Crest reinitiated the shares of GRUB in report on Friday, February 17 with “Overweight” rating. The firm earned “Buy” rating on Friday, May 26 by Canaccord Genuity. The company was downgraded on Friday, February 5 by Oppenheimer. On Friday, July 8 the stock rating was initiated by Wedbush with “Outperform”. Brean Capital maintained GrubHub Inc (NYSE:GRUB) rating on Monday, August 31. Brean Capital has “Buy” rating and $50 target.

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