Investors Buy Large Volume of GrubHub Put Options (GRUB)
GrubHub Inc. (NYSE:GRUB) saw unusually large options trading activity on Tuesday. Investors bought 5,422 put options on the stock. This is an increase of approximately 1,850% compared to the typical volume of 278 put options.
In related news, COO Stanley Chia sold 645 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $53.57, for a total value of $34,552.65. Following the transaction, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $65,087.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Margo Drucker sold 1,737 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $56.97, for a total value of $98,956.89. Following the transaction, the senior vice president now owns 892 shares in the company, valued at $50,817.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 320,105 shares of company stock valued at $18,953,542. Insiders own 2.37% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new stake in shares of GrubHub during the 2nd quarter valued at about $19,789,000. Bank of New York Mellon Corp lifted its position in GrubHub by 11.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 736,610 shares of the information services provider’s stock worth $32,116,000 after buying an additional 77,237 shares during the last quarter. Geneva Advisors LLC bought a new stake in GrubHub in the 2nd quarter worth approximately $622,000. Delta Lloyd Asset Management N.V. bought a new stake in GrubHub in the 2nd quarter worth approximately $2,126,000. Finally, Principal Financial Group Inc. lifted its position in GrubHub by 51.3% in the 2nd quarter. Principal Financial Group Inc. now owns 17,348 shares of the information services provider’s stock worth $756,000 after buying an additional 5,880 shares during the last quarter.
GrubHub (GRUB) opened at $67.56 on Friday. The firm has a market capitalization of $5,915.17, a PE ratio of 78.43, a price-to-earnings-growth ratio of 3.74 and a beta of 1.64. GrubHub has a twelve month low of $32.43 and a twelve month high of $69.82.
GrubHub (NYSE:GRUB) last posted its 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. The business had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. analysts predict that GrubHub will post 0.88 earnings per share for the current year.
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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