Wall Street brokerages expect GrubHub Inc (NYSE:GRUB) to announce earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for GrubHub’s earnings, with estimates ranging from $0.26 to $0.36. GrubHub reported earnings of $0.23 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The business is expected to report its next earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that GrubHub will report full year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.20. For the next financial year, analysts forecast that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.12 to $1.86. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover GrubHub.
GrubHub (NYSE:GRUB) last released its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The business had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. During the same period last year, the business earned $0.23 EPS. The company’s revenue was up 32.1% compared to the same quarter last year.
A number of analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of GrubHub from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Barclays raised their price target on shares of GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Stifel Nicolaus increased their price objective on shares of GrubHub from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Craig Hallum reaffirmed a “buy” rating and issued a $80.00 price objective (up from $70.00) on shares of GrubHub in a research report on Tuesday, November 21st. Finally, DA Davidson initiated coverage on shares of GrubHub in a research report on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. GrubHub has a consensus rating of “Buy” and an average price target of $59.96.
In other news, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $72.80, for a total transaction of $364,000.00. Following the completion of the transaction, the chief financial officer now directly owns 17,374 shares of the company’s stock, valued at approximately $1,264,827.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew M. Maloney sold 6,250 shares of GrubHub stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $72.81, for a total transaction of $455,062.50. The disclosure for this sale can be found here. Insiders have sold a total of 330,041 shares of company stock valued at $19,985,032 over the last three months. 2.37% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Renaissance Group LLC grew its stake in GrubHub by 0.9% in the 2nd quarter. Renaissance Group LLC now owns 8,856 shares of the information services provider’s stock valued at $386,000 after acquiring an additional 80 shares during the period. PNC Financial Services Group Inc. grew its stake in 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 valued at $108,000 after acquiring an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 285 shares during the period. Ameritas Investment Partners Inc. grew its stake in GrubHub by 8.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock valued at $329,000 after acquiring an additional 567 shares during the period. Finally, Strs Ohio grew its stake in GrubHub by 8.3% in the 3rd quarter. Strs Ohio now owns 14,300 shares of the information services provider’s stock valued at $753,000 after acquiring an additional 1,100 shares during the period.
Shares of GrubHub (NYSE:GRUB) opened at $73.14 on Thursday. GrubHub has a 1-year low of $32.43 and a 1-year high of $74.81. The firm has a market cap of $6,340.00, a PE ratio of 107.56, a PEG ratio of 3.94 and a beta of 1.67.
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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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