GrubHub Inc (NASDAQ:GRUB) Insider Sells $163,208.52 in Stock

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.

Insider Buying and Selling by Quarter for GrubHub (NASDAQ:GRUB)

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