GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 3,125 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $143.50, for a total value of $448,437.50. Following the sale, the chief executive officer now directly owns 8,857 shares in the company, valued at $1,270,979.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of GRUB opened at $135.75 on Monday. The firm has a market cap of $12.28 billion, a P/E ratio of 138.52, a P/E/G ratio of 3.61 and a beta of 1.13. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.08. GrubHub Inc has a 12 month low of $49.60 and a 12 month high of $149.35.
GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Wednesday, July 25th. The information services provider reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.19. GrubHub had a return on equity of 10.52% and a net margin of 15.16%. The firm had revenue of $239.70 million during the quarter, compared to the consensus estimate of $233.05 million. During the same period in the prior year, the business earned $0.26 EPS. The firm’s revenue was up 50.9% on a year-over-year basis. equities analysts forecast that GrubHub Inc will post 1.5 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of GrubHub by 3.4% in the second quarter. FMR LLC now owns 1,361,927 shares of the information services provider’s stock worth $142,880,000 after purchasing an additional 44,626 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of GrubHub by 73.3% in the second quarter. Advisors Asset Management Inc. now owns 29,757 shares of the information services provider’s stock worth $3,122,000 after purchasing an additional 12,587 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of GrubHub in the second quarter worth $3,891,000. Verition Fund Management LLC grew its stake in shares of GrubHub by 21.5% in the second quarter. Verition Fund Management LLC now owns 12,527 shares of the information services provider’s stock worth $1,314,000 after purchasing an additional 2,213 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of GrubHub in the second quarter worth $46,102,000. 99.95% of the stock is owned by institutional investors.
GRUB has been the topic of several research reports. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Wedbush initiated coverage on GrubHub in a research report on Thursday, September 13th. They set an “outperform” rating and a $180.00 price target on the stock. Canaccord Genuity reissued a “buy” rating and set a $152.00 price target on shares of GrubHub in a research report on Friday, August 10th. Barclays reissued a “sell” rating and set a $110.00 price target on shares of GrubHub in a research report on Friday, July 27th. Finally, Craig Hallum restated a “buy” rating and set a $160.00 price objective (up from $140.00) on shares of GrubHub in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $133.59.
GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.
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