GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 6,722 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $66.34, for a total transaction of $445,937.48. Following the transaction, the chief financial officer now owns 19,814 shares of the company’s stock, valued at approximately $1,314,460.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, November 20th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $64.61, for a total transaction of $323,050.00.
  • On Monday, November 6th, Adam Dewitt sold 6,722 shares of GrubHub stock. The stock was sold at an average price of $61.90, for a total transaction of $416,091.80.
  • On Monday, October 16th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $51.13, for a total transaction of $255,650.00.
  • On Monday, October 2nd, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $52.61, for a total transaction of $353,644.42.
  • On Monday, September 11th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $55.90, for a total transaction of $279,500.00.

Shares of GrubHub Inc (GRUB) traded up $0.64 on Wednesday, hitting $67.58. 883,100 shares of the stock traded hands, compared to its average volume of 1,977,503. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $69.82. The stock has a market capitalization of $5,803.33, a P/E ratio of 76.94, a P/E/G ratio of 3.67 and a beta of 1.67.

GrubHub (NYSE:GRUB) last announced its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million for the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. analysts expect that GrubHub Inc will post 0.89 earnings per share for the current fiscal year.

Several equities analysts have commented on GRUB shares. Cowen reiterated an “outperform” rating and set a $54.00 price objective on shares of GrubHub in a research report on Wednesday, August 9th. BidaskClub upgraded shares of GrubHub from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price objective on shares of GrubHub in a research report on Wednesday, October 4th. Wedbush reiterated an “outperform” rating and set a $60.00 price objective (down previously from $63.00) on shares of GrubHub in a research report on Tuesday, September 26th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $50.00 price objective on shares of GrubHub in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. GrubHub has an average rating of “Buy” and an average target price of $59.18.

A number of hedge funds have recently bought and sold shares of the stock. Caledonia Private Investments Pty Ltd increased its stake in GrubHub by 8.0% in 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 buying an additional 790,969 shares during the period. Baillie Gifford & Co. increased its stake in GrubHub by 1.7% in the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after buying an additional 142,445 shares during the period. Vanguard Group Inc. increased its stake in GrubHub by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after buying an additional 203,802 shares during the period. BlackRock Inc. increased its stake in GrubHub by 4.3% in the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after buying an additional 216,307 shares during the period. Finally, Carmignac Gestion increased its stake in GrubHub by 5.2% in the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock worth $275,621,000 after buying an additional 257,429 shares during the period.

ILLEGAL ACTIVITY WARNING: “GrubHub Inc (GRUB) CFO Adam Dewitt Sells 6,722 Shares of Stock” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/12/06/grubhub-inc-grub-cfo-adam-dewitt-sells-6722-shares-of-stock.html.

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 (NYSE:GRUB)

Receive News & Stock Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related stocks with our FREE daily email newsletter.