Insider Selling: GrubHub Inc (GRUB) Insider Sells 1,459 Shares of Stock
GrubHub Inc (NASDAQ:GRUB) insider Barbara Martin Coppola sold 1,459 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $52.66, for a total transaction of $76,830.94. Following the completion of the transaction, the insider now owns 8,875 shares of the company’s stock, valued at $467,357.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Barbara Martin Coppola also recently made the following trade(s):
- On Wednesday, September 20th, Barbara Martin Coppola sold 2,342 shares of GrubHub stock. The shares were sold at an average price of $54.32, for a total transaction of $127,217.44.
- On Tuesday, August 8th, Barbara Martin Coppola sold 2,916 shares of GrubHub stock. The shares were sold at an average price of $55.97, for a total transaction of $163,208.52.
Shares of GrubHub Inc (NASDAQ GRUB) traded up 1.04% during midday trading on Tuesday, reaching $54.23. The company’s stock had a trading volume of 1,180,112 shares. The firm has a market cap of $4.69 billion and a price-to-earnings ratio of 79.75. GrubHub Inc has a one year low of $32.43 and a one year high of $57.61. The stock’s 50 day moving average price is $54.36 and its 200 day moving average price is $45.52.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $158.79 million during the quarter, compared to the consensus estimate of $158.13 million. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. Analysts predict that GrubHub Inc will post $1.09 earnings per share for the current year.
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GRUB has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 target price on shares of GrubHub in a report on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price target (up previously from $50.00) on shares of GrubHub in a research note on Wednesday, August 9th. BidaskClub raised GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Cowen and Company reissued an “outperform” rating and set a $54.00 price target on shares of GrubHub in a report on Wednesday, August 9th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price objective (down from $63.00) on shares of GrubHub in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $53.42.
Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of GrubHub by 6.4% during the second 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 during the period. Fortaleza Asset Management Inc. purchased a new stake in shares of GrubHub in the 2nd quarter valued at approximately $146,000. Chicago Partners Investment Group LLC purchased a new stake in shares of GrubHub in the 2nd quarter valued at approximately $154,000. Finally, Karp Capital Management Corp purchased a new stake in shares of GrubHub in the 1st quarter valued at approximately $214,000.
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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