GrubHub Inc (GRUB) CFO Sells $481,700.00 in Stock

GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $96.34, for a total transaction of $481,700.00. Following the sale, the chief financial officer now owns 17,476 shares in the company, valued at $1,683,637.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Monday, February 5th, Adam Dewitt sold 22,359 shares of GrubHub stock. The stock was sold at an average price of $69.20, for a total transaction of $1,547,242.80.
  • On Tuesday, January 16th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $71.20, for a total transaction of $356,000.00.
  • 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 transaction 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 transaction 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 transaction of $445,937.48.

GrubHub Inc (NYSE:GRUB) opened at $96.73 on Friday. The firm has a market cap of $8,551.28, a price-to-earnings ratio of 86.37, a P/E/G ratio of 3.68 and a beta of 1.54. GrubHub Inc has a fifty-two week low of $32.43 and a fifty-two week high of $99.81.

GrubHub (NYSE:GRUB) last issued its earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. GrubHub had a net margin of 14.49% and a return on equity of 8.47%. The business had revenue of $205.10 million for the quarter, compared to the consensus estimate of $201.55 million. During the same period in the previous year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 49.2% on a year-over-year basis. equities research analysts forecast that GrubHub Inc will post 1.15 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB bought a new position in GrubHub during the fourth quarter worth $544,000. MetLife Investment Advisors LLC bought a new position in GrubHub during the fourth quarter worth $2,816,000. Macquarie Group Ltd. boosted its position in GrubHub by 10.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,014,954 shares of the information services provider’s stock worth $72,874,000 after purchasing an additional 94,823 shares during the period. Lido Advisors LLC bought a new position in GrubHub during the fourth quarter worth $502,000. Finally, Zeke Capital Advisors LLC bought a new position in GrubHub during the fourth quarter worth $297,000.

Several brokerages have commented on GRUB. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, January 9th. Oppenheimer raised their target price on shares of GrubHub to $80.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Craig Hallum raised their target price on shares of GrubHub from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. KeyCorp set a $80.00 target price on shares of GrubHub and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Credit Suisse Group raised their target price on shares of GrubHub from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub currently has a consensus rating of “Hold” and a consensus target price of $74.07.

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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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