GrubHub (GRUB) Releases Earnings Results, Beats Expectations By $0.07 EPS

GrubHub (NYSE:GRUB) issued its quarterly earnings results on Thursday. The information services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07, Morningstar.com reports. The business had revenue of $205.10 million during the quarter, compared to analyst estimates of $201.55 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. GrubHub’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share.

Shares of GrubHub (NYSE:GRUB) traded down $2.92 during midday trading on Friday, hitting $86.12. 580,005 shares of the stock were exchanged, compared to its average volume of 1,900,973. The company has a market capitalization of $6,060.82, a PE ratio of 127.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.54. GrubHub has a 52 week low of $32.43 and a 52 week high of $94.89.

In related news, CEO Matthew M. Maloney sold 56,250 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $71.09, for a total value of $3,998,812.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew M. Maloney sold 15,637 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $64.16, for a total transaction of $1,003,269.92. The disclosure for this sale can be found here. Insiders sold a total of 325,212 shares of company stock worth $22,721,729 over the last ninety days. 2.37% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of GRUB. Lord Abbett & CO. LLC acquired a new stake in GrubHub in the 2nd quarter valued at $19,789,000. Principal Financial Group Inc. increased its stake 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 valued at $756,000 after buying an additional 5,880 shares during the last quarter. Westpac Banking Corp increased its stake in GrubHub by 105.7% in the 3rd quarter. Westpac Banking Corp now owns 21,600 shares of the information services provider’s stock valued at $1,137,000 after buying an additional 11,100 shares during the last quarter. Trexquant Investment LP acquired a new stake in GrubHub in the 3rd quarter valued at $1,083,000. Finally, Schwab Charles Investment Management Inc. increased its stake in GrubHub by 37.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 526,343 shares of the information services provider’s stock valued at $27,718,000 after buying an additional 143,583 shares during the last quarter.

A number of brokerages recently weighed in on GRUB. Oppenheimer raised their price target on shares of GrubHub from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. KeyCorp raised their price target on shares of GrubHub from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Tuesday, January 9th. Barclays raised their price target on shares of GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Finally, Stifel Nicolaus raised their price target on shares of GrubHub from $53.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. GrubHub presently has an average rating of “Buy” and a consensus target price of $71.48.

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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.

Earnings History for GrubHub (NYSE:GRUB)

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