GrubHub Inc (GRUB) CEO Sells $84,798.00 in Stock

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.

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

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