GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 61,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $55.73, for a total transaction of $3,399,530.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of GrubHub Inc (GRUB) opened at 57.09 on Friday. GrubHub Inc has a one year low of $32.43 and a one year high of $57.26. The firm’s 50 day moving average is $50.97 and its 200-day moving average is $42.43. The firm has a market capitalization of $4.93 billion and a PE ratio of 83.96.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $158.79 million for the quarter, compared to the consensus estimate of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, equities research analysts predict that GrubHub Inc will post $1.10 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in GrubHub by 95.9% in the first quarter. Wells Fargo & Company MN now owns 218,481 shares of the information services provider’s stock worth $7,186,000 after buying an additional 106,971 shares in the last quarter. Searle & CO. increased its stake in GrubHub by 88.4% in the first quarter. Searle & CO. now owns 17,900 shares of the information services provider’s stock worth $589,000 after buying an additional 8,400 shares in the last quarter. Capital Fund Management S.A. increased its stake in GrubHub by 2,589.7% in the first quarter. Capital Fund Management S.A. now owns 245,028 shares of the information services provider’s stock worth $8,059,000 after buying an additional 235,918 shares in the last quarter. Bank of New York Mellon Corp increased its stake in GrubHub by 94.4% in the first quarter. Bank of New York Mellon Corp now owns 659,373 shares of the information services provider’s stock worth $21,686,000 after buying an additional 320,115 shares in the last quarter. Finally, Renaissance Group LLC increased 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.

Several research analysts have recently weighed in on GRUB shares. Zacks Investment Research downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Wedbush restated an “outperform” rating and issued a $54.93 target price (down from $63.00) on shares of GrubHub in a research note on Wednesday, August 23rd. Roth Capital restated a “buy” rating on shares of GrubHub in a research note on Monday, May 22nd. Wells Fargo & Company started coverage on shares of GrubHub in a research note on Thursday, June 15th. They issued a “market perform” rating and a $45.00 target price for the company. Finally, Vetr upgraded shares of GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 target price for the company in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $49.41.

About GrubHub

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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