GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 10,500 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $54.76, for a total transaction of $574,980.00. Following the completion of the sale, the chief financial officer now directly owns 23,304 shares of the company’s stock, valued at approximately $1,276,127.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, August 14th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $54.57, for a total transaction of $272,850.00.
  • On Friday, August 4th, Adam Dewitt sold 12,000 shares of GrubHub stock. The stock was sold at an average price of $50.00, for a total transaction of $600,000.00.
  • On Tuesday, August 1st, Adam Dewitt sold 6,722 shares of GrubHub stock. The stock was sold at an average price of $46.81, for a total transaction of $314,656.82.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $165,815.10.

Shares of GrubHub Inc (GRUB) traded down 1.82% during trading on Friday, hitting $56.05. The stock had a trading volume of 1,042,469 shares. The company has a market capitalization of $4.84 billion and a price-to-earnings ratio of 82.43. The firm has a 50 day moving average of $50.97 and a 200 day moving average of $42.43. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $57.28.

GrubHub (NASDAQ:GRUB) last issued its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The firm had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. Analysts expect that GrubHub Inc will post $1.10 EPS for the current fiscal year.

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GRUB has been the subject of several research analyst reports. Vetr raised shares of GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 price objective for the company in a report on Monday, July 17th. Roth Capital boosted their price target on shares of GrubHub from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, June 27th. Morgan Stanley cut shares of GrubHub from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $47.00 to $43.00 in a research report on Monday, June 26th. Finally, Wedbush set a $50.00 price target on shares of GrubHub and gave the stock a “buy” rating in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub presently has a consensus rating of “Buy” and an average target price of $49.41.

A number of institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its position in shares of GrubHub by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,125 shares of the information services provider’s stock worth $616,000 after buying an additional 36 shares during the period. Renaissance Group LLC raised its stake in GrubHub by 0.5% in the first quarter. Renaissance Group LLC now owns 8,776 shares of the information services provider’s stock worth $289,000 after buying an additional 42 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in GrubHub by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after buying an additional 285 shares in the last quarter. Finally, Global Endowment Management LP raised its stake in GrubHub by 9.4% in the first quarter. Global Endowment Management LP now owns 6,520 shares of the information services provider’s stock worth $215,000 after buying an additional 560 shares in the last quarter.

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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