GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 6,722 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $52.61, for a total value of $353,644.42. Following the completion of the sale, the chief financial officer now owns 22,554 shares of the company’s stock, valued at $1,186,565.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Adam Dewitt also recently made the following trade(s):

  • On Monday, September 11th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $55.90, for a total value of $279,500.00.
  • On Friday, September 1st, Adam Dewitt sold 6,722 shares of GrubHub stock. The stock was sold at an average price of $56.41, for a total value of $379,188.02.
  • On Wednesday, August 30th, Adam Dewitt sold 10,500 shares of GrubHub stock. The shares were sold at an average price of $54.76, for a total transaction of $574,980.00.
  • On Monday, August 14th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $54.57, for a total transaction of $272,850.00.
  • On Friday, August 4th, Adam Dewitt sold 12,000 shares of GrubHub stock. The shares were sold at an average price of $50.00, for a total transaction of $600,000.00.
  • On Tuesday, August 1st, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $46.81, for a total transaction of $314,656.82.
  • On Monday, July 17th, Adam Dewitt sold 2,000 shares of GrubHub stock. The shares were sold at an average price of $46.34, for a total transaction of $92,680.00.
  • On Wednesday, July 12th, Adam Dewitt sold 3,000 shares of GrubHub stock. The stock was sold at an average price of $45.15, for a total transaction of $135,450.00.

GrubHub Inc (NASDAQ GRUB) traded up 1.04% during trading on Tuesday, hitting $54.23. 1,180,112 shares of the company’s stock traded hands. The stock has a market cap of $4.69 billion and a P/E ratio of 79.75. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $57.61. The firm’s 50-day moving average price is $54.36 and its 200 day moving average price is $45.52.

GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. Analysts anticipate that GrubHub Inc will post $1.09 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC purchased a new position in GrubHub in the second quarter valued at about $19,789,000. Koch Industries Inc. acquired a new position in shares of GrubHub during the second quarter worth about $456,000. Ameritas Investment Partners Inc. lifted its stake in shares of GrubHub by 8.1% during the second quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock worth $329,000 after purchasing an additional 567 shares in the last quarter. Caledonia Private Investments Pty Ltd lifted its stake in shares of GrubHub by 3.4% during the second quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock worth $432,159,000 after purchasing an additional 329,401 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of GrubHub by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 69,758 shares of the information services provider’s stock worth $3,041,000 after purchasing an additional 3,580 shares in the last quarter.

A number of equities analysts have commented on GRUB shares. Zacks Investment Research downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Wedbush reiterated an “outperform” rating and issued a $54.93 target price (down from $63.00) on shares of GrubHub in a report on Wednesday, August 23rd. DA Davidson started coverage on shares of GrubHub in a research note on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price target for the company. Wells Fargo & Company began coverage on shares of GrubHub in a research note on Thursday, June 15th. They issued a “market perform” rating and a $45.00 price target for the company. Finally, Roth Capital set a $55.00 price target on shares of GrubHub and gave the stock a “buy” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. GrubHub currently has a consensus rating of “Buy” and a consensus target price of $53.42.

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.

Insider Buying and Selling by Quarter for GrubHub (NASDAQ:GRUB)

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