GrubHub Inc (GRUB) CEO Matthew M. Maloney Sells 16,681 Shares
GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 16,681 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $60.06, for a total transaction of $1,001,860.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
GrubHub Inc (NASDAQ:GRUB) traded down 0.57% on Monday, hitting $59.68. The stock had a trading volume of 2,120,477 shares. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $61.07. The company has a 50-day moving average of $53.46 and a 200 day moving average of $48.23. The company has a market cap of $5.16 billion and a PE ratio of 87.76.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The firm had revenue of $163.10 million during the quarter, compared to analysts’ expectations of $159.63 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, analysts predict that GrubHub Inc will post $1.13 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. 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 worth $108,000 after purchasing an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of GrubHub by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after purchasing an additional 285 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of GrubHub during the third quarter worth approximately $165,000. Fortaleza Asset Management Inc. purchased a new stake in shares of GrubHub during the second quarter worth approximately $146,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of GrubHub during the second quarter worth approximately $154,000.
Several equities research analysts recently issued reports on GRUB shares. Vetr raised shares of GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 target price for the company in a report on Monday, July 17th. Roth Capital increased their target price on shares of GrubHub from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Credit Suisse Group lowered shares of GrubHub from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $50.00 to $53.00 in a report on Monday, September 11th. Citigroup Inc. lowered shares of GrubHub from a “buy” rating to a “neutral” rating and increased their target price for the stock from $52.00 to $56.00 in a report on Thursday, October 5th. Finally, Bank of America Corporation increased their target price on shares of GrubHub from $54.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.78.
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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