GrubHub (GRUB) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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GrubHub (NYSE:GRUB) released its quarterly earnings results on Thursday. The information services provider reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03, MarketWatch Earnings reports. GrubHub had a net margin of 7.79% and a return on equity of 8.43%. The business had revenue of $287.72 million for the quarter, compared to analysts’ expectations of $290.43 million. During the same period in the prior year, the firm earned $0.37 earnings per share. GrubHub’s revenue was up 40.3% compared to the same quarter last year. GrubHub updated its Q1 2019 guidance to EPS and its FY 2019 guidance to EPS.

GRUB opened at $86.08 on Friday. GrubHub has a twelve month low of $66.62 and a twelve month high of $149.35. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 69.98, a PEG ratio of 2.26 and a beta of 1.27.

Several research firms have recently commented on GRUB. Bank of America raised shares of GrubHub from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Friday. Roth Capital raised shares of GrubHub from a “neutral” rating to a “buy” rating and increased their price target for the company from $92.00 to $95.00 in a research note on Friday. Craig Hallum reissued a “buy” rating and set a $120.00 price target (down from $150.00) on shares of GrubHub in a research note on Friday. Mizuho set a $120.00 price target on shares of GrubHub and gave the company a “buy” rating in a research note on Friday. Finally, DA Davidson cut their price objective on shares of GrubHub to $100.00 and set a “buy” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. GrubHub presently has a consensus rating of “Buy” and an average target price of $117.43.

In related news, CTO Maria Belousova sold 819 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $81.49, for a total transaction of $66,740.31. Following the sale, the chief technology officer now directly owns 857 shares in the company, valued at $69,836.93. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 9,801 shares of company stock worth $773,267. 1.59% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of GrubHub by 99.1% during the fourth quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock worth $33,000 after acquiring an additional 215 shares during the period. Csenge Advisory Group acquired a new stake in shares of GrubHub during the third quarter worth $69,000. LS Investment Advisors LLC acquired a new stake in shares of GrubHub during the fourth quarter worth $64,000. Advisory Services Network LLC raised its holdings in shares of GrubHub by 287.6% during the third quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock worth $134,000 after acquiring an additional 719 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of GrubHub during the third quarter worth $146,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

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About GrubHub

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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Earnings History for GrubHub (NYSE:GRUB)

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