GrubHub Inc (GRUB) CFO Adam Dewitt Sells 6,722 Shares

GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 6,722 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $70.92, for a total transaction of $476,724.24. Following the completion of the sale, the chief financial officer now owns 18,444 shares in the company, valued at $1,308,048.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • 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 shares were sold at an average price of $64.61, for a total transaction of $323,050.00.
  • On Monday, November 6th, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $61.90, for a total transaction of $416,091.80.
  • On Monday, October 16th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $51.13, for a total transaction of $255,650.00.

Shares of GrubHub Inc (NYSE GRUB) traded up $0.28 during trading on Thursday, hitting $71.60. The stock had a trading volume of 366,023 shares, compared to its average volume of 1,252,950. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $74.81. The firm has a market capitalization of $6,200.00, a P/E ratio of 105.29, a PEG ratio of 3.08 and a beta of 1.67.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The business had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. During the same period in the previous year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. equities analysts forecast that GrubHub Inc will post 0.89 earnings per share for the current fiscal year.

A number of analysts have issued reports on the stock. KeyCorp set a $62.00 price target on shares of GrubHub and gave the stock a “buy” rating in a research note on Sunday, October 15th. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price target on shares of GrubHub in a research note on Wednesday, October 4th. Craig Hallum assumed coverage on shares of GrubHub in a research note on Monday, September 25th. They set a “buy” rating and a $70.00 price target on the stock. Canaccord Genuity boosted their price target on shares of GrubHub from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Finally, Morgan Stanley reiterated a “buy” rating and set a $63.00 price target (up from $59.00) on shares of GrubHub in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $60.79.

Several institutional investors have recently made changes to their positions in the company. Caledonia Private Investments Pty Ltd boosted its holdings in GrubHub by 8.0% in the third quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock valued at $563,614,000 after purchasing an additional 790,969 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in GrubHub by 1.7% in the second quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock valued at $365,605,000 after purchasing an additional 142,445 shares in the last quarter. Vanguard Group Inc. boosted its holdings in GrubHub by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after purchasing an additional 203,802 shares in the last quarter. BlackRock Inc. boosted its holdings in GrubHub by 4.3% in the second 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 in the last quarter. Finally, Carmignac Gestion boosted its holdings in GrubHub by 5.2% in the third 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 in 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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