Insider Selling: GrubHub Inc (GRUB) Director Sells 4,307 Shares of Stock
GrubHub Inc (NASDAQ:GRUB) Director Linda Johnson Rice sold 4,307 shares of GrubHub stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.83, for a total transaction of $261,994.81. Following the sale, the director now directly owns 4,307 shares of the company’s stock, valued at approximately $261,994.81. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
GrubHub Inc (NASDAQ:GRUB) traded up $1.36 during trading hours on Friday, hitting $62.19. 1,683,549 shares of the stock traded hands.
GrubHub (NASDAQ:GRUB) last posted 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 for the quarter, compared to the consensus estimate of $159.63 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue was up 32.1% compared to the same quarter last year.
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Several large investors have recently bought and sold shares of GRUB. UBS Asset Management Americas Inc. increased its holdings in shares of GrubHub by 48.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 39,963 shares of the information services provider’s stock worth $1,314,000 after purchasing an additional 13,076 shares during the period. Karp Capital Management Corp bought a new position in shares of GrubHub during the 1st quarter worth about $214,000. Ameriprise Financial Inc. bought a new position in shares of GrubHub during the 1st quarter worth about $507,000. Prudential Financial Inc. increased its holdings in shares of GrubHub by 22.5% during the 1st quarter. Prudential Financial Inc. now owns 7,300 shares of the information services provider’s stock worth $240,000 after purchasing an additional 1,340 shares during the period. Finally, Stifel Financial Corp bought a new position in shares of GrubHub during the 1st quarter worth about $252,000.
GRUB has been the topic of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and set a $53.00 price target (up previously from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. Wedbush set a $55.00 price target on shares of GrubHub and gave the company a “buy” rating in a report on Friday, August 4th. Roth Capital set a $55.00 price target on shares of GrubHub and gave the company a “buy” rating in a report on Monday, July 31st. Canaccord Genuity restated a “buy” rating and set a $50.00 price target (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 target on shares of GrubHub and gave the company a “buy” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have given 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 a consensus rating of “Buy” and an average target price of $58.18.
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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