Matthew M. Maloney Sells 37,283 Shares of GrubHub Inc. (GRUB) Stock
GrubHub Inc. (NYSE:GRUB) CEO Matthew M. Maloney sold 37,283 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $64.58, for a total value of $2,407,736.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of GrubHub Inc. (NYSE:GRUB) opened at $66.79 on Wednesday. GrubHub Inc. has a 52 week low of $32.43 and a 52 week high of $66.99. The company has a market capitalization of $5,637.75, a P/E ratio of 74.75, a price-to-earnings-growth ratio of 3.57 and a beta of 1.64.
GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The company had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. During the same period in the previous year, the business earned $0.23 EPS. GrubHub’s quarterly revenue was up 32.1% on a year-over-year basis. analysts expect that GrubHub Inc. will post 0.88 EPS for the current year.
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Several equities analysts have recently issued reports on GRUB shares. Canaccord Genuity reissued a “buy” rating and issued a $50.00 price objective on shares of GrubHub in a report on Thursday, August 10th. BidaskClub raised GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Wedbush set a $55.00 price objective on GrubHub and gave the company a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus set a $53.00 price objective on GrubHub and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Roth Capital set a $55.00 price objective on GrubHub and gave the company a “buy” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.61.
Several institutional investors have recently modified their holdings of GRUB. BlackRock Inc. boosted its holdings in shares of GrubHub by 75,703.7% during the 1st quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock worth $167,094,000 after purchasing an additional 5,073,663 shares during the last quarter. Carmignac Gestion boosted its holdings in shares of GrubHub by 55.4% during the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock worth $216,977,000 after purchasing an additional 1,773,959 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of GrubHub during the 2nd quarter worth approximately $40,593,000. Caledonia Private Investments Pty Ltd boosted its holdings in shares of GrubHub by 8.0% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after purchasing an additional 790,969 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of GrubHub during the 2nd quarter worth approximately $29,203,000.
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.
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