GrubHub Inc (NASDAQ:GRUB) COO Stanley Chia sold 645 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $60.60, for a total transaction of $39,087.00. Following the completion of the sale, the chief operating officer now owns 1,215 shares of the company’s stock, valued at approximately $73,629. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • 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.
  • On Friday, August 25th, Stanley Chia sold 4,671 shares of GrubHub stock. The stock was sold at an average price of $54.17, for a total transaction of $253,028.07.

Shares of GrubHub Inc (GRUB) traded up $1.36 on Friday, reaching $62.19. 1,683,549 shares of the company’s stock were exchanged.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 32.1% on a year-over-year basis.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday. DA Davidson reiterated a “hold” rating and set a $50.00 price target (up previously from $48.00) on shares of GrubHub in a research report on Friday, October 27th. Barclays PLC lifted their price target on shares of GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Roth Capital lifted their price target on shares of GrubHub from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of GrubHub from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. One equities research 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 stock. GrubHub has an average rating of “Buy” and a consensus price target of $58.18.

Hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new stake in shares of GrubHub in the second quarter worth $19,789,000. Bank of New York Mellon Corp lifted its position in shares of GrubHub by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 736,610 shares of the information services provider’s stock worth $32,116,000 after purchasing an additional 77,237 shares in the last quarter. Geneva Advisors LLC bought a new stake in shares of GrubHub in the second quarter worth $622,000. Delta Lloyd Asset Management N.V. bought a new stake in shares of GrubHub in the second quarter worth $2,126,000. Finally, River & Mercantile Asset Management LLP lifted its position in shares of GrubHub by 86.1% in the second quarter. River & Mercantile Asset Management LLP now owns 70,814 shares of the information services provider’s stock worth $3,086,000 after purchasing an additional 32,764 shares in the last quarter.

About GrubHub

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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