Adam Dewitt Sells 5,000 Shares of GrubHub Inc (GRUB) Stock

GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $71.20, for a total value of $356,000.00. Following the transaction, the chief financial officer now directly owns 16,366 shares in the company, valued at $1,165,259.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, January 2nd, Adam Dewitt sold 6,722 shares of GrubHub stock. The stock was sold at an average price of $70.92, for a total value of $476,724.24.
  • On Monday, December 18th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $72.80, for a total value of $364,000.00.
  • On Monday, December 4th, Adam Dewitt sold 6,722 shares of GrubHub stock. The stock was sold at an average price of $66.34, for a total value of $445,937.48.
  • On Monday, November 20th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $64.61, for a total value of $323,050.00.
  • On Monday, November 6th, Adam Dewitt sold 6,722 shares of GrubHub stock. The stock was sold at an average price of $61.90, for a total value of $416,091.80.

GrubHub Inc (NYSE:GRUB) opened at $70.03 on Friday. The firm has a market capitalization of $6,098.09, a PE ratio of 102.99, a P/E/G ratio of 3.00 and a beta of 1.67. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $74.81.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in GrubHub during the 3rd quarter worth about $105,000. PNC Financial Services Group Inc. boosted its position in GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after acquiring an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after acquiring an additional 285 shares during the period. Asset Dedication LLC acquired a new stake in GrubHub during the 3rd quarter worth about $165,000. Finally, BT Investment Management Ltd acquired a new stake in GrubHub during the 3rd quarter worth about $195,000.

GRUB has been the topic of a number of research analyst reports. KeyCorp set a $80.00 target price on GrubHub and gave the stock a “buy” rating in a report on Monday, December 11th. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Citigroup lowered GrubHub from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $52.00 to $56.00 in a report on Thursday, October 5th. Cowen reaffirmed an “outperform” rating and set a $78.00 target price (up from $65.00) on shares of GrubHub in a report on Friday, December 1st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $80.00 target price (up from $70.00) on shares of GrubHub in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $62.61.

TRADEMARK VIOLATION NOTICE: This news story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/01/20/adam-dewitt-sells-5000-shares-of-grubhub-inc-grub-stock.html.

About GrubHub

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)

Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply