GrubHub (GRUB) Sees Strong Trading Volume
Shares of GrubHub Inc (NYSE:GRUB) saw unusually-strong trading volume on Friday . Approximately 4,895,189 shares were traded during trading, an increase of 150% from the previous session’s volume of 1,961,715 shares.The stock last traded at $72.30 and had previously closed at $71.54.
Several equities research analysts have commented on GRUB shares. Zacks Investment Research cut shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup cut shares of GrubHub from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $52.00 to $56.00 in a research report on Thursday, October 5th. KeyCorp set a $62.00 price target on shares of GrubHub and gave the stock a “buy” rating in a research report on Thursday, November 16th. Credit Suisse Group cut shares of GrubHub from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $50.00 to $53.00 in a research report on Monday, September 11th. Finally, Bank of America boosted their price target on shares of GrubHub from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. GrubHub presently has a consensus rating of “Buy” and an average target price of $59.96.
The stock has a market capitalization of $6,268.05, a P/E ratio of 83.10, a P/E/G ratio of 3.97 and a beta of 1.67.
In other news, COO Stanley Chia sold 645 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $53.57, for a total transaction of $34,552.65. Following the completion of the sale, the chief operating officer now owns 1,215 shares of the company’s stock, valued at approximately $65,087.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $51.13, for a total transaction of $255,650.00. Following the sale, the chief financial officer now directly owns 20,114 shares of the company’s stock, valued at approximately $1,028,428.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 327,383 shares of company stock worth $19,612,812. Company insiders own 2.37% of the company’s stock.
Several institutional investors have recently modified their holdings of GRUB. Carmignac Gestion lifted 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 acquiring an additional 1,773,959 shares during the period. Fiera Capital Corp bought a new stake in shares of GrubHub during the 2nd quarter worth approximately $40,593,000. Caledonia Private Investments Pty Ltd lifted 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 valued at $563,614,000 after purchasing an additional 790,969 shares during the last quarter. Janus Henderson Group PLC bought a new position in GrubHub in the 2nd quarter valued at approximately $28,875,000. Finally, Sylebra HK Co Ltd bought a new position in GrubHub in the 2nd quarter valued at approximately $27,341,000.
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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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