Insider Selling: GrubHub Inc. (GRUB) CEO Sells 15,637 Shares of Stock
GrubHub Inc. (NYSE:GRUB) CEO Matthew M. Maloney sold 15,637 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $64.16, for a total value of $1,003,269.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of GrubHub Inc. (GRUB) traded up $0.33 during trading hours on Monday, hitting $65.03. The stock had a trading volume of 632,024 shares, compared to its average volume of 2,010,235. The firm has a market capitalization of $5,630.00, a P/E ratio of 74.37, a P/E/G ratio of 3.55 and a beta of 1.64. GrubHub Inc. has a 12 month low of $32.43 and a 12 month high of $65.08.
GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company had revenue of $163.10 million for the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. equities analysts expect that GrubHub Inc. will post 0.88 EPS for the current fiscal year.
A number of research firms have recently issued reports on GRUB. KeyCorp set a $62.00 target price on GrubHub and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a report on Friday, November 10th. DA Davidson reiterated a “hold” rating and set a $50.00 price objective (up from $48.00) on shares of GrubHub in a report on Friday, October 27th. Barclays PLC increased their price objective on GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Finally, Roth Capital increased their price objective on GrubHub from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $58.18.
Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of GrubHub in the third quarter valued at about $105,000. PNC Financial Services Group Inc. grew its position in shares of 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 valued at $108,000 after purchasing an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of GrubHub by 11.5% in the second 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 last quarter. Asset Dedication LLC acquired a new stake in shares of GrubHub in the third quarter valued at about $165,000. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of GrubHub in the second quarter valued at about $146,000.
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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