GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 139,491 shares of GrubHub stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $40.81, for a total transaction of $5,692,627.71. Following the completion of the sale, the chief executive officer now owns 1,649 shares in the company, valued at $67,295.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
GrubHub Inc (NASDAQ:GRUB) opened at 40.35 on Thursday. The firm’s 50-day moving average is $41.30 and its 200 day moving average is $32.18. The firm has a market cap of $3.44 billion and a PE ratio of 84.06. GrubHub Inc has a 1-year low of $17.77 and a 1-year high of $44.58.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.13 million. The firm’s quarterly revenue was up 36.6% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. On average, equities analysts forecast that GrubHub Inc will post $0.84 earnings per share for the current fiscal year.
Several analysts recently weighed in on the stock. Argus assumed coverage on shares of GrubHub in a research report on Wednesday. They issued a “buy” rating on the stock. JMP Securities lifted their price objective on shares of GrubHub from $35.00 to $45.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Zacks Investment Research downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Barclays PLC lifted their price objective on shares of GrubHub from $28.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, July 29th. Finally, Mizuho reiterated a “buy” rating and issued a $33.00 price objective on shares of GrubHub in a research report on Wednesday, July 27th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in shares of GrubHub during the third quarter valued at about $236,000. First Mercantile Trust Co. increased its position in shares of GrubHub by 259.9% in the third quarter. First Mercantile Trust Co. now owns 7,990 shares of the company’s stock valued at $344,000 after buying an additional 5,770 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of GrubHub by 5.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 146,223 shares of the company’s stock valued at $6,286,000 after buying an additional 8,072 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of GrubHub by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 282,807 shares of the company’s stock valued at $8,787,000 after buying an additional 16,010 shares during the period. Finally, Amalgamated Bank bought a new position in shares of GrubHub during the second quarter valued at about $329,000.
GrubHub Company Profile
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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