GrubHub Inc (GRUB) COO Stanley Chia Sells 645 Shares

GrubHub Inc (NYSE:GRUB) COO Stanley Chia sold 645 shares of GrubHub stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.54, for a total transaction of $42,918.30. Following the completion of the sale, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $80,846.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Stanley Chia also recently made the following trade(s):

  • On Friday, November 3rd, Stanley Chia sold 645 shares of GrubHub stock. The stock was sold at an average price of $60.60, for a total transaction of $39,087.00.
  • On Tuesday, October 3rd, Stanley Chia sold 645 shares of GrubHub stock. The stock was sold at an average price of $53.57, for a total transaction of $34,552.65.
  • On Wednesday, September 6th, Stanley Chia sold 705 shares of GrubHub stock. The stock was sold at an average price of $56.66, for a total transaction of $39,945.30.

GrubHub Inc (GRUB) traded up $0.64 during trading on Tuesday, reaching $67.58. 883,155 shares of the company were exchanged, compared to its average volume of 1,977,503. The company has a market cap of $5,773.86, a price-to-earnings ratio of 76.55, a PEG ratio of 3.65 and a beta of 1.67. GrubHub Inc has a twelve month low of $32.43 and a twelve month high of $69.82.

GrubHub (NYSE:GRUB) last posted its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. GrubHub’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. analysts forecast that GrubHub Inc will post 0.89 EPS for the current year.

Several analysts have recently issued reports on GRUB shares. Cowen reissued an “outperform” rating and issued a $78.00 price target (up previously from $65.00) on shares of GrubHub in a research report on Friday. Craig Hallum reissued a “buy” rating and issued a $80.00 price target (up previously from $70.00) on shares of GrubHub in a research report on Tuesday, November 21st. KeyCorp set a $62.00 price target on shares of GrubHub and gave the company a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research lowered shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, DA Davidson reissued a “hold” rating and issued a $50.00 price target (up previously from $48.00) on shares of GrubHub in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub has a consensus rating of “Buy” and an average price target of $59.18.

Institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC bought a new stake in GrubHub during the 2nd quarter worth approximately $19,789,000. Bank of New York Mellon Corp increased its holdings in GrubHub by 11.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 736,610 shares of the information services provider’s stock worth $32,116,000 after acquiring an additional 77,237 shares during the period. Geneva Advisors LLC bought a new stake in GrubHub during the 2nd quarter worth approximately $622,000. Delta Lloyd Asset Management N.V. bought a new stake in GrubHub during the 2nd quarter worth approximately $2,126,000. Finally, Principal Financial Group Inc. increased its holdings in GrubHub by 51.3% during the 2nd quarter. Principal Financial Group Inc. now owns 17,348 shares of the information services provider’s stock worth $756,000 after acquiring an additional 5,880 shares during the period.

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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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