GrubHub Inc (NASDAQ:GRUB) SVP Margo Drucker sold 1,620 shares of GrubHub stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $60.98, for a total transaction of $98,787.60. Following the completion of the sale, the senior vice president now directly owns 892 shares in the company, valued at approximately $54,394.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, November 1st, Margo Drucker sold 1,237 shares of GrubHub stock. The shares were sold at an average price of $61.10, for a total transaction of $75,580.70.
  • 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 (GRUB) traded up $1.36 during mid-day trading on Friday, reaching $62.19. 1,683,549 shares of the company traded hands.

GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The company had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. During the same period in the previous year, the firm earned $0.23 earnings per share. GrubHub’s revenue for the quarter was up 32.1% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/11/03/grubhub-inc-grub-svp-sells-98787-60-in-stock.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in 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 buying an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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 buying an additional 285 shares during the period. Fortaleza Asset Management Inc. purchased a new stake in GrubHub during the second quarter worth approximately $146,000. Chicago Partners Investment Group LLC purchased a new stake in GrubHub during the second quarter worth approximately $154,000. Finally, Asset Dedication LLC purchased a new stake in GrubHub during the third quarter worth approximately $165,000.

Several analysts have recently weighed in on GRUB shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 target price (up previously from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. Wedbush set a $55.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a report on Friday, August 4th. Roth Capital set a $55.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a report on Monday, July 31st. Canaccord Genuity reissued a “buy” rating and set a $50.00 price objective (up previously from $47.00) on shares of GrubHub in a report on Friday, August 4th. Finally, Credit Suisse Group set a $50.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub presently has an average rating of “Buy” and a consensus target price of $58.18.

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)

Receive News & Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related companies with MarketBeat.com's FREE daily email newsletter.