GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 56,250 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $71.09, for a total transaction of $3,998,812.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of GrubHub Inc (NYSE GRUB) traded up $0.56 during midday trading on Friday, reaching $71.88. 1,059,100 shares of the company’s stock were exchanged, compared to its average volume of 1,188,333. The company has a market cap of $6,240.00, a P/E ratio of 105.71, a P/E/G ratio of 3.08 and a beta of 1.67. GrubHub Inc has a one year low of $32.43 and a one year high of $74.81.
GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $163.10 million for the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. GrubHub’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. analysts forecast that GrubHub Inc will post 0.89 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after buying an additional 285 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of GrubHub by 8.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock worth $329,000 after purchasing an additional 567 shares during the period. Strs Ohio boosted its stake in shares of GrubHub by 8.3% during the 3rd quarter. Strs Ohio now owns 14,300 shares of the information services provider’s stock worth $753,000 after purchasing an additional 1,100 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of GrubHub by 11.3% during the 2nd quarter. Amalgamated Bank now owns 11,021 shares of the information services provider’s stock worth $481,000 after purchasing an additional 1,122 shares during the period.
A number of equities analysts have weighed in on the stock. Oppenheimer raised their target price on shares of GrubHub from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Barclays raised their target price on shares of GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Stifel Nicolaus raised their target price on shares of GrubHub from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Craig Hallum restated a “buy” rating and issued a $80.00 target price (up previously from $70.00) on shares of GrubHub in a report on Tuesday, November 21st. Finally, DA Davidson initiated coverage on shares of GrubHub in a research note on Wednesday, September 13th. They set a “neutral” rating and a $48.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $60.79.
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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.
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