GrubHub Inc (GRUB) CEO Sells $414,812.50 in Stock
GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $66.37, for a total value of $414,812.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
GrubHub Inc (NYSE GRUB) traded up $0.84 during midday trading on Wednesday, reaching $68.42. The company had a trading volume of 657,367 shares, compared to its average volume of 1,971,885. The firm has a market cap of $5,920.00, a PE ratio of 76.94, a price-to-earnings-growth ratio of 3.67 and a beta of 1.67. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $69.82.
GrubHub (NYSE:GRUB) last released its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $163.10 million during the quarter, compared to analysts’ expectations of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. GrubHub’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. research analysts forecast that GrubHub Inc will post 0.89 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its holdings in GrubHub by 1.6% in the 3rd quarter. California Public Employees Retirement System now owns 160,600 shares of the information services provider’s stock worth $8,457,000 after purchasing an additional 2,500 shares during the period. Cubist Systematic Strategies LLC acquired a new position in GrubHub in the 3rd quarter worth about $105,000. Highbridge Capital Management LLC acquired a new position in GrubHub in the 3rd quarter worth about $230,000. Janus Henderson Group PLC raised its holdings in GrubHub by 58.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,048,396 shares of the information services provider’s stock worth $55,210,000 after purchasing an additional 386,129 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its holdings in GrubHub by 44.5% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 237,697 shares of the information services provider’s stock worth $12,517,000 after purchasing an additional 73,256 shares during the period.
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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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