GrubHub Inc (GRUB) CEO Matthew M. Maloney Sells 6,250 Shares
GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 6,250 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $51.14, for a total value of $319,625.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
GrubHub Inc (NASDAQ:GRUB) traded up 0.12% during trading on Thursday, hitting $51.67. 267,972 shares of the company traded hands. GrubHub Inc has a one year low of $32.43 and a one year high of $57.61. The firm has a market cap of $4.46 billion and a P/E ratio of 75.99. The firm has a 50 day moving average of $54.42 and a 200 day moving average of $44.19.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $158.79 million during 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 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the business. Lord Abbett & CO. LLC acquired a new position in shares of GrubHub in the 2nd quarter valued at $19,789,000. Koch Industries Inc. acquired a new position in shares of GrubHub in the 2nd quarter valued at $456,000. Ameritas Investment Partners Inc. raised its stake in shares of GrubHub by 8.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock valued at $329,000 after buying an additional 567 shares in the last quarter. Caledonia Private Investments Pty Ltd raised its stake in shares of GrubHub by 3.4% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock valued at $432,159,000 after buying an additional 329,401 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of GrubHub by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,758 shares of the information services provider’s stock valued at $3,041,000 after buying an additional 3,580 shares in the last quarter.
A number of analysts have recently weighed in on GRUB shares. Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Wedbush reissued an “outperform” rating and issued a $54.93 price objective (down previously from $63.00) on shares of GrubHub in a research report on Wednesday, August 23rd. DA Davidson started coverage on GrubHub in a research report on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Wells Fargo & Company assumed coverage on GrubHub in a research report on Thursday, June 15th. They issued a “market perform” rating and a $45.00 price objective for the company. Finally, Roth Capital set a $55.00 price target on GrubHub and gave the stock a “buy” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.42.
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.
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