GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 14,491 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $41.87, for a total transaction of $606,738.17. Following the sale, the chief executive officer now owns 1,649 shares in the company, valued at approximately $69,043.63. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of GrubHub Inc (NASDAQ:GRUB) opened at 43.77 on Wednesday. The stock’s 50 day moving average is $40.18 and its 200 day moving average is $30.87. GrubHub Inc has a 52-week low of $17.77 and a 52-week high of $43.81. The stock has a market cap of $3.73 billion and a price-to-earnings ratio of 91.19.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $114.13 million. The business’s quarterly revenue was up 36.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. On average, equities analysts predict that GrubHub Inc will post $0.84 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of GrubHub during the fourth quarter valued at approximately $53,590,000. Melvin Capital Management LP purchased a new position in shares of GrubHub during the second quarter valued at approximately $27,186,000. Emerald Acquisition Ltd. bought a new position in GrubHub during the second quarter valued at about $21,899,000. Caledonia Private Investments Pty Ltd raised its position in GrubHub by 6.7% in the second quarter. Caledonia Private Investments Pty Ltd now owns 9,393,840 shares of the company’s stock valued at $291,867,000 after buying an additional 587,561 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in GrubHub by 50.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,130,746 shares of the company’s stock valued at $35,132,000 after buying an additional 380,728 shares during the period.
A number of brokerages recently issued reports on GRUB. Canaccord Genuity reiterated a “buy” rating and issued a $48.00 price target (up previously from $42.00) on shares of GrubHub in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $47.00 price target on shares of GrubHub in a research note on Friday, September 16th. Morgan Stanley upped their price target on shares of GrubHub from $31.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Jefferies Group began coverage on shares of GrubHub in a research note on Tuesday, August 16th. They issued a “hold” rating and a $43.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of GrubHub from a “sell” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, August 2nd. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. GrubHub has an average rating of “Buy” and an average price target of $39.71.
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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