GrubHub Inc (GRUB) CEO Matthew M. Maloney Sells 14,491 Shares
GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 14,491 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $41.87, for a total transaction of $606,738.17. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at $69,043.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
GrubHub Inc (NASDAQ:GRUB) opened at 43.77 on Wednesday. The stock has a market cap of $3.73 billion and a P/E ratio of 91.19. The stock has a 50 day moving average of $40.18 and a 200 day moving average of $30.87. GrubHub Inc has a 1-year low of $17.77 and a 1-year high of $43.81.
GrubHub (NASDAQ:GRUB) last announced its earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $114.13 million. During the same quarter last year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 36.6% on a year-over-year basis. Equities analysts anticipate that GrubHub Inc will post $0.84 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares during the period. Legal & General Group Plc boosted its stake in shares of GrubHub by 1.6% in the second quarter. Legal & General Group Plc now owns 17,845 shares of the company’s stock worth $558,000 after buying an additional 284 shares during the period. ProShare Advisors LLC boosted its stake in shares of GrubHub by 7.4% in the second quarter. ProShare Advisors LLC now owns 9,881 shares of the company’s stock worth $307,000 after buying an additional 678 shares during the period. Principal Financial Group Inc. boosted its stake in shares of GrubHub by 7.3% in the second quarter. Principal Financial Group Inc. now owns 10,806 shares of the company’s stock worth $336,000 after buying an additional 735 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of GrubHub by 2.2% in the second quarter. UBS Asset Management Americas Inc. now owns 41,374 shares of the company’s stock worth $1,286,000 after buying an additional 894 shares during the period.
A number of research analysts have weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $48.00 price objective (up from $42.00) on shares of GrubHub in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $47.00 target price on shares of GrubHub in a report on Friday, September 16th. Morgan Stanley increased their target price on shares of GrubHub from $31.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, September 12th. Jefferies Group started coverage on shares of GrubHub in a report on Tuesday, August 16th. They issued a “hold” rating and a $43.00 target price for the company. Finally, Zacks Investment Research upgraded shares of GrubHub from a “sell” rating to a “strong-buy” rating and set a $45.00 target price for the company in a report on Tuesday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.71.
GrubHub Company Profile
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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