Insider Selling: GrubHub Inc (GRUB) CFO Sells 22,359 Shares of Stock

GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 22,359 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $69.20, for a total transaction of $1,547,242.80. Following the completion of the sale, the chief financial officer now directly owns 17,436 shares in the company, valued at approximately $1,206,571.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Adam Dewitt also recently made the following trade(s):

  • On Tuesday, January 16th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $71.20, for a total transaction of $356,000.00.
  • On Tuesday, January 2nd, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $70.92, for a total transaction of $476,724.24.
  • On Monday, December 18th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $72.80, for a total transaction of $364,000.00.
  • On Monday, December 4th, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $66.34, for a total transaction of $445,937.48.
  • On Monday, November 20th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $64.61, for a total transaction of $323,050.00.

Shares of GrubHub Inc (NYSE GRUB) traded down $2.49 during trading hours on Monday, hitting $68.16. 2,140,000 shares of the stock were exchanged, compared to its average volume of 1,280,000. The company has a market cap of $5,910.00, a price-to-earnings ratio of 100.24, a price-to-earnings-growth ratio of 3.01 and a beta of 1.54. GrubHub Inc has a 1 year low of $32.43 and a 1 year high of $77.99.

A number of analysts recently weighed in on GRUB shares. Roth Capital upped their target price on shares of GrubHub from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Co reaffirmed a “market perform” rating and set a $68.00 target price (up previously from $58.00) on shares of GrubHub in a report on Monday, January 8th. Monness Crespi & Hardt upped 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. Raymond James Financial reaffirmed a “market perform” rating on shares of GrubHub in a report on Monday. Finally, Zacks Investment Research raised shares of GrubHub from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.52.

Several large investors have recently modified their holdings of the company. Caledonia Private Investments Pty Ltd increased its holdings in shares of GrubHub by 8.0% in 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 last quarter. Vanguard Group Inc. increased its holdings in shares of GrubHub by 3.0% in 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 last quarter. Carmignac Gestion increased its holdings in shares of GrubHub by 5.2% in the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock worth $275,621,000 after buying an additional 257,429 shares during the last quarter. State Street Corp increased its holdings in shares of GrubHub by 9.9% in the 2nd quarter. State Street Corp now owns 1,678,374 shares of the information services provider’s stock worth $73,176,000 after buying an additional 151,190 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of GrubHub by 7.4% in the 2nd quarter. Northern Trust Corp now owns 1,118,597 shares of the information services provider’s stock worth $48,770,000 after buying an additional 77,354 shares during the last quarter.

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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 (NYSE:GRUB)

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