GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $40.77, for a total value of $203,850.00. Following the completion of the transaction, the chief financial officer now owns 5,500 shares of the company’s stock, valued at $224,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adam Dewitt also recently made the following trade(s):

  • On Monday, September 12th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $40.97, for a total value of $204,850.00.
  • On Monday, August 8th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $39.14, for a total value of $195,700.00.

Shares of GrubHub Inc (NASDAQ:GRUB) opened at 40.35 on Thursday. The firm has a market capitalization of $3.44 billion and a price-to-earnings ratio of 84.06. GrubHub Inc has a 52 week low of $17.77 and a 52 week high of $44.58. The stock has a 50 day moving average price of $41.30 and a 200-day moving average price of $32.18.

GrubHub (NASDAQ:GRUB) last issued its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $114.13 million. The business’s quarterly revenue was up 36.6% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. On average, analysts anticipate that GrubHub Inc will post $0.84 EPS for the current year.

Insider Buying and Selling by Quarter for GrubHub (NASDAQ:GRUB)

Several institutional investors have recently modified their holdings of GRUB. Societe Generale acquired a new position in shares of GrubHub during the second quarter worth about $113,000. SG Americas Securities LLC acquired a new position in shares of GrubHub during the second quarter worth about $113,000. BlackRock Inc. increased its position in shares of GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position 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. Finally, Sei Investments Co. acquired a new position in shares of GrubHub during the second quarter worth about $148,000.

GRUB has been the subject of several research analyst reports. Citigroup Inc. restated a “buy” rating on shares of GrubHub in a research note on Wednesday, June 29th. Mizuho restated a “buy” rating and issued a $33.00 price objective (up from $28.00) on shares of GrubHub in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, July 13th. Stifel Nicolaus reiterated a “buy” rating and set a $45.00 price target (up from $32.00) on shares of GrubHub in a research report on Friday, July 29th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $42.00 price target (up from $34.00) on shares of GrubHub in a research report on Sunday, July 31st. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.00.

About GrubHub

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.

5 Day Chart for NASDAQ:GRUB

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