GrubHub Inc (NYSE:GRUB) – Stock analysts at KeyCorp dropped their Q3 2019 earnings per share (EPS) estimates for GrubHub in a research report issued on Sunday, June 9th. KeyCorp analyst A. Hargreaves now expects that the information services provider will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.16. KeyCorp also issued estimates for GrubHub’s Q4 2019 earnings at $0.27 EPS, FY2019 earnings at $0.68 EPS, Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.28 EPS and FY2020 earnings at $0.79 EPS.
GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.19. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. The firm had revenue of $323.77 million during the quarter, compared to analysts’ expectations of $322.23 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 39.2% on a year-over-year basis.
A number of other brokerages also recently issued reports on GRUB. Argus downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Wedbush restated an “outperform” rating on shares of GrubHub in a report on Monday, April 29th. BNP Paribas began coverage on shares of GrubHub in a research note on Friday, June 7th. They issued an “outperform” rating and a $84.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of GrubHub in a research report on Wednesday, June 5th. Finally, Gordon Haskett began coverage on shares of GrubHub in a report on Monday, May 20th. They set a “buy” rating and a $75.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. GrubHub currently has an average rating of “Buy” and a consensus price target of $112.67.
Shares of GRUB opened at $70.06 on Wednesday. The stock has a market capitalization of $6.19 billion, a PE ratio of 56.96, a P/E/G ratio of 3.52 and a beta of 1.12. GrubHub has a fifty-two week low of $60.20 and a fifty-two week high of $149.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.51 and a current ratio of 1.51.
In other GrubHub news, insider Samuel Pike Hall sold 2,818 shares of GrubHub stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $75.00, for a total value of $211,350.00. Following the sale, the insider now owns 940 shares of the company’s stock, valued at approximately $70,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney acquired 15,416 shares of GrubHub stock in a transaction on Tuesday, April 30th. The stock was purchased at an average cost of $64.87 per share, for a total transaction of $1,000,035.92. Following the purchase, the chief executive officer now owns 13,621 shares in the company, valued at $883,594.27. The disclosure for this purchase can be found here. Insiders have sold a total of 3,545 shares of company stock worth $259,902 in the last three months. 1.88% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in GRUB. Baillie Gifford & Co. boosted its holdings in shares of GrubHub by 9.6% in the 4th quarter. Baillie Gifford & Co. now owns 9,352,030 shares of the information services provider’s stock worth $718,330,000 after purchasing an additional 821,632 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of GrubHub by 257.6% in the 1st quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock worth $418,821,000 after purchasing an additional 4,342,673 shares during the period. BlackRock Inc. boosted its holdings in shares of GrubHub by 0.5% in the 1st quarter. BlackRock Inc. now owns 4,529,013 shares of the information services provider’s stock worth $314,632,000 after purchasing an additional 21,838 shares during the period. Pelham Capital Ltd. boosted its holdings in shares of GrubHub by 16.2% in the 1st quarter. Pelham Capital Ltd. now owns 2,646,607 shares of the information services provider’s stock worth $183,860,000 after purchasing an additional 369,000 shares during the period. Finally, Carmignac Gestion boosted its holdings in GrubHub by 88.8% during the 4th quarter. Carmignac Gestion now owns 2,400,433 shares of the information services provider’s stock valued at $184,377,000 after acquiring an additional 1,129,108 shares during the period.
GrubHub Company Profile
Grubhub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
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