GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 54,504 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $59.28, for a total value of $3,230,997.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of GrubHub Inc (GRUB) opened at 61.02 on Wednesday. GrubHub Inc has a one year low of $32.43 and a one year high of $61.07. The company has a market capitalization of $5.27 billion and a price-to-earnings ratio of 89.74. The company’s 50-day moving average price is $53.59 and its 200-day moving average price is $48.32.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. On average, equities research analysts predict that GrubHub Inc will post $1.13 earnings per share for the current year.
Several brokerages have issued reports on GRUB. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Tuesday. DA Davidson reiterated a “hold” rating and issued a $50.00 price target (up previously from $48.00) on shares of GrubHub in a report on Friday, October 27th. Barclays PLC increased their price target on GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Canaccord Genuity reiterated a “buy” rating and issued a $68.00 price target (up previously from $60.00) on shares of GrubHub in a report on Thursday, October 26th. Finally, Wells Fargo & Company reiterated a “hold” rating and issued a $58.00 price target on shares of GrubHub in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. GrubHub has a consensus rating of “Buy” and an average target price of $58.18.
A number of hedge funds have recently added to or reduced their stakes in GRUB. PNC Financial Services Group Inc. lifted its position in GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after acquiring an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 285 shares in the last quarter. Fortaleza Asset Management Inc. bought a new position in GrubHub in the 2nd quarter valued at approximately $146,000. Chicago Partners Investment Group LLC bought a new position in GrubHub in the 2nd quarter valued at approximately $154,000. Finally, Asset Dedication LLC bought a new position in GrubHub in the 3rd quarter valued at approximately $165,000.
GrubHub Company Profile
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
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