Margo Drucker Sells 1,237 Shares of GrubHub Inc (GRUB) Stock

GrubHub Inc (NASDAQ:GRUB) SVP Margo Drucker sold 1,237 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $61.10, for a total transaction of $75,580.70. Following the sale, the senior vice president now owns 892 shares in the company, valued at approximately $54,501.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Margo Drucker also recently made the following trade(s):

  • On Friday, November 3rd, Margo Drucker sold 1,620 shares of GrubHub stock. The shares were sold at an average price of $60.98, for a total transaction of $98,787.60.
  • On Tuesday, October 3rd, Margo Drucker sold 1,736 shares of GrubHub stock. The shares were sold at an average price of $52.92, for a total transaction of $91,869.12.
  • On Friday, September 1st, Margo Drucker sold 1,238 shares of GrubHub stock. The shares were sold at an average price of $57.09, for a total transaction of $70,677.42.
  • On Wednesday, September 6th, Margo Drucker sold 1,737 shares of GrubHub stock. The shares were sold at an average price of $56.97, for a total transaction of $98,956.89.
  • On Tuesday, August 8th, Margo Drucker sold 400 shares of GrubHub stock. The shares were sold at an average price of $55.52, for a total transaction of $22,208.00.

Shares of GrubHub Inc (NASDAQ GRUB) traded up $1.36 on Friday, hitting $62.19. 1,680,942 shares of the stock were exchanged, compared to its average volume of 1,820,000. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $62.96.

GrubHub (NASDAQ:GRUB) last announced its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS.

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Several research firms have recently weighed in on GRUB. Oppenheimer Holdings, Inc. raised their price objective on shares of GrubHub from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Barclays PLC lifted their target price on shares of GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Wedbush reiterated an “outperform” rating and issued a $54.93 target price (down previously from $63.00) on shares of GrubHub in a research report on Wednesday, August 23rd. Stifel Nicolaus lifted their target price on shares of GrubHub from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, DA Davidson initiated coverage on shares of GrubHub in a research report on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 target price on the stock. 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 assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $58.18.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caledonia Private Investments Pty Ltd boosted its stake in shares of GrubHub by 3.4% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock valued at $432,159,000 after purchasing an additional 329,401 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock valued at $365,605,000 after purchasing an additional 142,445 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after purchasing an additional 203,802 shares in the last quarter. BlackRock Inc. boosted its stake in shares of GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after purchasing an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion boosted its stake in shares of GrubHub by 55.4% during the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after purchasing an additional 1,773,959 shares in the last quarter.

About GrubHub

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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