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 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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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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