GrubHub Inc (GRUB) CEO Matthew M. Maloney Sells 139,491 Shares
GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 139,491 shares of the stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $40.81, for a total transaction of $5,692,627.71. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at $67,295.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of GrubHub Inc (NASDAQ:GRUB) opened at 39.66 on Wednesday. The firm has a 50-day moving average of $41.24 and a 200-day moving average of $32.12. GrubHub Inc has a 12 month low of $17.77 and a 12 month high of $44.58. The firm has a market cap of $3.38 billion and a price-to-earnings ratio of 82.62.
GrubHub (NASDAQ:GRUB) last released its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The company earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. The firm’s revenue was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. On average, analysts anticipate that GrubHub Inc will post $0.84 EPS for the current year.
Several research analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $40.00 price target on shares of GrubHub in a report on Wednesday, July 20th. Cowen and Company reissued a “market perform” rating and issued a $26.00 price target (up from $22.00) on shares of GrubHub in a report on Wednesday, July 27th. Stifel Nicolaus cut shares of GrubHub from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a report on Tuesday, October 4th. Bank of America Corp. cut shares of GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a report on Friday, July 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of GrubHub from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. GrubHub has a consensus rating of “Hold” and an average target price of $40.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in GrubHub by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 2,288,586 shares of the company’s stock worth $71,106,000 after buying an additional 169,633 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock worth $9,953,000 after buying an additional 13,879 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of GrubHub during the second quarter worth approximately $21,899,000. DIAM Co. Ltd. boosted its stake in shares of GrubHub by 12.9% in the second quarter. DIAM Co. Ltd. now owns 43,976 shares of the company’s stock worth $1,342,000 after buying an additional 5,020 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of GrubHub by 16.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,558,304 shares of the company’s stock worth $39,160,000 after buying an additional 217,357 shares during the last quarter.
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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