GrubHub Inc (NASDAQ:GRUB) insider Barbara Martin Coppola sold 2,916 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $55.97, for a total transaction of $163,208.52. Following the sale, the insider now owns 11,559 shares in the company, valued at $646,957.23. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of GrubHub Inc (NASDAQ:GRUB) traded down 2.96% during trading on Thursday, hitting $54.17. 1,365,066 shares of the stock were exchanged. The firm has a 50 day moving average of $46.46 and a 200-day moving average of $40.84. The stock has a market cap of $4.67 billion and a PE ratio of 79.66. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $57.26.
GrubHub (NASDAQ:GRUB) last released its earnings results on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 11.35% and a return on equity of 7.21%. The firm had revenue of $158.79 million for the quarter, compared to the consensus estimate of $158.13 million. Equities research analysts anticipate that GrubHub Inc will post $1.10 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in GrubHub by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,125 shares of the information services provider’s stock valued at $616,000 after buying an additional 36 shares during the period. Renaissance Group LLC increased its position in GrubHub by 0.5% in the first quarter. Renaissance Group LLC now owns 8,776 shares of the information services provider’s stock valued at $289,000 after buying an additional 42 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares during the period. Global Endowment Management LP increased its position in GrubHub by 9.4% in the first quarter. Global Endowment Management LP now owns 6,520 shares of the information services provider’s stock valued at $215,000 after buying an additional 560 shares during the period. Finally, Swiss National Bank increased its position in GrubHub by 1.0% in the first quarter. Swiss National Bank now owns 113,200 shares of the information services provider’s stock valued at $3,723,000 after buying an additional 1,100 shares during the period.
A number of brokerages recently commented on GRUB. Maxim Group restated a “hold” rating on shares of GrubHub in a research note on Thursday, April 20th. Zacks Investment Research cut shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Wedbush reiterated an “outperform” rating and issued a $47.00 target price on shares of GrubHub in a research note on Wednesday, April 19th. Oppenheimer Holdings, Inc. increased their target price on shares of GrubHub from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Finally, Roth Capital reiterated a “buy” rating on shares of GrubHub in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.87.
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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