GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 6,722 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $46.81, for a total value of $314,656.82. Following the transaction, the chief financial officer now directly owns 25,294 shares in the company, valued at approximately $1,184,012.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, July 17th, Adam Dewitt sold 2,000 shares of GrubHub stock. The stock was sold at an average price of $46.34, for a total value of $92,680.00.
  • On Wednesday, July 12th, Adam Dewitt sold 3,000 shares of GrubHub stock. The stock was sold at an average price of $45.15, for a total value of $135,450.00.
  • On Monday, July 3rd, Adam Dewitt sold 3,722 shares of GrubHub stock. The stock was sold at an average price of $43.80, for a total value of $163,023.60.
  • On Monday, June 19th, Adam Dewitt sold 2,000 shares of GrubHub stock. The stock was sold at an average price of $44.05, for a total value of $88,100.00.
  • On Friday, June 9th, Adam Dewitt sold 3,000 shares of GrubHub stock. The stock was sold at an average price of $45.00, for a total value of $135,000.00.
  • On Monday, June 5th, Adam Dewitt sold 3,722 shares of GrubHub stock. The stock was sold at an average price of $44.55, for a total value of $165,815.10.
  • On Monday, May 15th, Adam Dewitt sold 2,000 shares of GrubHub stock. The stock was sold at an average price of $44.95, for a total value of $89,900.00.

GrubHub Inc (GRUB) traded up 8.83% during midday trading on Friday, hitting $52.51. The company had a trading volume of 6,224,115 shares. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $53.36. The stock has a 50 day moving average of $44.99 and a 200 day moving average of $40.28. The firm has a market cap of $4.53 billion and a price-to-earnings ratio of 79.56. GrubHub also saw some unusual options trading on Thursday. Stock traders bought 10,474 call options on the stock. This is an increase of 660% compared to the typical daily volume of 1,378 call options.

GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. The company had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. On average, analysts anticipate that GrubHub Inc will post $1.12 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System raised its position in GrubHub by 12.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 50,322 shares of the information services provider’s stock valued at $2,194,000 after buying an additional 5,523 shares during the period. Fortaleza Asset Management Inc. bought a new position in GrubHub during the second quarter valued at approximately $146,000. Blair William & Co. IL raised its position in GrubHub by 18.2% in the second quarter. Blair William & Co. IL now owns 142,151 shares of the information services provider’s stock valued at $6,198,000 after buying an additional 21,932 shares during the period. BNP Paribas Arbitrage SA raised its position in GrubHub by 507.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,335 shares of the information services provider’s stock valued at $494,000 after buying an additional 9,470 shares during the period. Finally, Legal & General Group Plc raised its position in GrubHub by 14.3% in the second quarter. Legal & General Group Plc now owns 32,319 shares of the information services provider’s stock valued at $1,409,000 after buying an additional 4,033 shares during the period.

A number of equities analysts have weighed in on GRUB shares. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Morgan Stanley downgraded GrubHub from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $47.00 to $43.00 in a research report on Monday, June 26th. Wedbush restated an “outperform” rating and issued a $47.00 target price on shares of GrubHub in a research report on Wednesday, April 19th. Cowen and Company restated an “outperform” rating and issued a $54.00 target price on shares of GrubHub in a research report on Tuesday, July 25th. Finally, Roth Capital set a $55.00 target price on GrubHub and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $48.00.

GrubHub Company Profile

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

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

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