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 business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $37.34, for a total value of $541,093.94. Following the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at approximately $61,573.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
GrubHub Inc (NASDAQ:GRUB) traded down 2.24% during mid-day trading on Tuesday, hitting $37.14. The stock had a trading volume of 1,466,209 shares. The firm’s 50-day moving average is $39.33 and its 200 day moving average is $35.01. The company has a market cap of $3.18 billion and a price-to-earnings ratio of 67.53. GrubHub Inc has a 12 month low of $17.77 and a 12 month high of $44.58.
GrubHub (NASDAQ:GRUB) last posted its earnings results on Wednesday, October 26th. 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 $123.50 million during the quarter, compared to the consensus estimate of $118.36 million. During the same quarter in the prior year, the business earned $0.08 EPS. The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year. Equities analysts anticipate that GrubHub Inc will post $0.91 EPS for the current fiscal year.
Several research analysts have weighed in on the company. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $48.00 price target (up previously from $42.00) on shares of GrubHub in a research report on Tuesday, September 27th. Stifel Nicolaus lowered GrubHub from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a research report on Tuesday, October 4th. Roth Capital set a $44.00 price target on GrubHub and gave the stock a “hold” rating in a research report on Wednesday, October 19th. Finally, Loop Capital reissued a “buy” rating and set a $46.00 target price on shares of GrubHub in a report on Tuesday, October 18th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.06.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in GrubHub by 1.1% in the third quarter. Principal Financial Group Inc. now owns 10,927 shares of the company’s stock worth $470,000 after buying an additional 121 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of GrubHub by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,476 shares of the company’s stock worth $106,000 after buying an additional 266 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased 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 last quarter. Legal & General Group Plc increased 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 last quarter. Finally, BlackRock Inc. increased its stake in shares of GrubHub by 9.2% in the third quarter. BlackRock Inc. now owns 7,493 shares of the company’s stock worth $322,000 after buying an additional 630 shares during the last quarter.
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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