GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 14,491 shares of GrubHub stock in a transaction on Monday, November 7th. The shares were sold at an average price of $37.80, for a total value of $547,759.80. Following the transaction, the chief executive officer now directly owns 1,649 shares of the company’s stock, valued at $62,332.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of GrubHub Inc (NASDAQ:GRUB) traded up 0.74% during trading on Tuesday, hitting $38.23. The company had a trading volume of 793,067 shares. GrubHub Inc has a 12-month low of $17.77 and a 12-month high of $44.58. The stock has a market capitalization of $3.26 billion and a price-to-earnings ratio of 69.51. The stock has a 50-day moving average of $40.79 and a 200 day moving average of $34.31.
GrubHub (NASDAQ:GRUB) last posted its earnings results on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm earned $123.50 million during the quarter, compared to the consensus estimate of $118.36 million. GrubHub’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. On average, analysts predict that GrubHub Inc will post $0.91 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of GRUB. Societe Generale purchased a new position in GrubHub during the second quarter valued at approximately $113,000. SG Americas Securities LLC bought a new position in shares of GrubHub during the second quarter worth about $113,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position 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. Sei Investments Co. bought a new position in shares of GrubHub during the second quarter worth about $148,000. Finally, BlackRock Inc. increased its position 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.
A number of research analysts have issued reports on GRUB shares. Bank of America Corp. raised GrubHub from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $46.00 in a report on Thursday, October 13th. Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Stifel Nicolaus cut GrubHub from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a report on Tuesday, October 4th. Roth Capital assumed coverage on GrubHub in a report on Monday, October 10th. They issued a “neutral” rating and a $44.00 price target for the company. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 price target (up from $34.00) on shares of GrubHub in a report on Sunday, July 31st. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $42.00.
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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