GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 1,346 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $63.00, for a total transaction of $84,798.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
GrubHub Inc (GRUB) traded up $0.52 during mid-day trading on Tuesday, reaching $63.62. 1,066,500 shares of the company’s stock traded hands, compared to its average volume of 2,039,020. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $63.81.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. GrubHub’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS.
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A number of analysts recently commented on GRUB shares. Zacks Investment Research downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson reiterated a “hold” rating and issued a $50.00 target price (up from $48.00) on shares of GrubHub in a report on Friday, October 27th. Wells Fargo & Company reiterated a “hold” rating and issued a $58.00 target price on shares of GrubHub in a report on Thursday, October 26th. Monness Crespi & Hardt boosted their target price on shares of GrubHub from $35.00 to $42.00 and gave the stock a “sell” rating in a report on Thursday, October 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 target price (up from $60.00) on shares of GrubHub in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $58.18.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caledonia Private Investments Pty Ltd boosted its holdings in shares of GrubHub by 8.0% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after buying an additional 790,969 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after buying an additional 142,445 shares during the period. Vanguard Group Inc. boosted its holdings in shares of GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after buying an additional 203,802 shares during the period. BlackRock Inc. raised its stake in GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after purchasing an additional 216,307 shares during the last quarter. Finally, Carmignac Gestion raised its stake in GrubHub by 5.2% during the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock valued at $275,621,000 after purchasing an additional 257,429 shares during the last quarter.
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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