GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 14,491 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $37.80, for a total value of $547,759.80. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at $62,332.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of GrubHub Inc (NASDAQ:GRUB) opened at 37.10 on Friday. The company has a market cap of $3.16 billion and a P/E ratio of 67.45. The firm has a 50-day moving average price of $40.59 and a 200-day moving average price of $34.36. GrubHub Inc has a 1-year low of $17.77 and a 1-year high of $44.58.
GrubHub (NASDAQ:GRUB) last posted its earnings results on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $123.50 million for the quarter, compared to analyst estimates of $118.36 million. The firm’s revenue was up 44.1% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. On average, equities analysts expect that GrubHub Inc will post $0.91 EPS for the current year.
A number of research analysts have recently weighed in on GRUB shares. Mizuho reaffirmed a “buy” rating and set a $45.00 price objective on shares of GrubHub in a research report on Friday, November 4th. Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Roth Capital raised GrubHub from a “neutral” rating to a “buy” rating in a research report on Thursday, October 27th. Loop Capital reaffirmed a “buy” rating and set a $46.00 price objective on shares of GrubHub in a research report on Tuesday, October 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $47.00 price objective on shares of GrubHub in a research report on Monday, October 17th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $42.00.
A number of hedge funds have recently bought and sold shares of the company. Societe Generale bought a new stake in GrubHub during the second quarter valued at approximately $113,000. SG Americas Securities LLC acquired a new position in shares of GrubHub during the second quarter worth about $113,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares in the last quarter. Sei Investments Co. acquired a new position in shares of GrubHub during the second quarter worth about $148,000. Finally, BlackRock Inc. increased its position in shares of GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares in the last quarter.
GrubHub Company Profile
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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