GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 14,491 shares of GrubHub stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $41.87, for a total value of $606,738.17. Following the sale, the chief executive officer now directly owns 1,649 shares of the company’s stock, valued at approximately $69,043.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of GrubHub Inc (NASDAQ:GRUB) opened at 42.31 on Friday. The stock has a 50 day moving average price of $40.43 and a 200-day moving average price of $31.05. The stock has a market capitalization of $3.61 billion and a PE ratio of 88.15. GrubHub Inc has a 52-week low of $17.77 and a 52-week high of $44.58.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter in the previous year, the company posted $0.17 EPS. The company’s revenue was up 36.6% compared to the same quarter last year. On average, equities research analysts anticipate that GrubHub Inc will post $0.84 EPS for the current fiscal year.
A number of equities research analysts recently commented on GRUB shares. Citigroup Inc. reaffirmed a “buy” rating and set a $30.00 target price on shares of GrubHub in a report on Thursday, June 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 target price (up previously from $34.00) on shares of GrubHub in a report on Sunday, July 31st. Maxim Group downgraded GrubHub from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Jefferies Group started coverage on GrubHub in a report on Tuesday, August 16th. They set a “hold” rating and a $43.00 target price for the company. Finally, Mizuho reaffirmed a “buy” rating and set a $33.00 target price (up previously from $28.00) on shares of GrubHub in a report on Wednesday, June 22nd. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $39.71.
Several hedge funds have recently made changes to their positions in the stock. Societe Generale purchased a new stake in shares of GrubHub during the second quarter worth about $113,000. SG Americas Securities LLC purchased a new stake in shares of GrubHub during the second quarter worth about $113,000. BlackRock Inc. boosted its stake in shares of GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares during the period. Finally, Sei Investments Co. purchased a new stake in shares of GrubHub during the second quarter worth about $148,000.
GrubHub Company Profile
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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