GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 6,722 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $56.41, for a total transaction of $379,188.02. Following the completion of the transaction, the chief financial officer now directly owns 23,924 shares of the company’s stock, valued at approximately $1,349,552.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, August 30th, Adam Dewitt sold 10,500 shares of GrubHub stock. The shares were sold at an average price of $54.76, for a total transaction of $574,980.00.
  • On Monday, August 14th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $45.00, for a total transaction of $135,000.00.

GrubHub Inc (NASDAQ:GRUB) traded up 0.80% during midday trading on Wednesday, reaching $56.75. 1,162,477 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $51.72 and a 200 day moving average price of $42.83. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $57.29. The company has a market cap of $4.90 billion and a price-to-earnings ratio of 83.46.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ 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, 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 recent research reports. Roth Capital restated a “buy” rating on shares of GrubHub in a research report on Monday, May 22nd. Canaccord Genuity restated a “buy” rating and issued a $47.00 price target on shares of GrubHub in a research report on Thursday, May 25th. Wells Fargo & Company initiated coverage on shares of GrubHub in a research report on Thursday, June 15th. They issued a “market perform” rating and a $45.00 price target for the company. Wedbush set a $50.00 price target on shares of GrubHub and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, Morgan Stanley cut shares of GrubHub from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $47.00 to $43.00 in a research report on Monday, June 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub has an average rating of “Buy” and an average target price of $50.74.

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares during the period. Fortaleza Asset Management Inc. purchased a new position in GrubHub during the 2nd quarter valued at $146,000. Chicago Partners Investment Group LLC purchased a new position in GrubHub during the 2nd quarter valued at $154,000. Finally, Westfield Capital Management Co. LP purchased a new position in GrubHub during the 2nd quarter valued at $253,000.

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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