Grubhub (NYSE:GRUB) CEO Matthew M. Maloney sold 3,125 shares of the company’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $101.83, for a total transaction of $318,218.75. Following the sale, the chief executive officer now owns 4,302 shares in the company, valued at $438,072.66. The sale was disclosed in a filing with the SEC, which is available at this link.
GRUB stock traded down $0.07 during mid-day trading on Friday, reaching $101.67. The company had a trading volume of 816,582 shares, compared to its average volume of 1,771,245. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $8,987.11, a P/E ratio of 103.74, a P/E/G ratio of 3.84 and a beta of 0.98. Grubhub has a 12 month low of $34.40 and a 12 month high of $112.41.
Grubhub (NYSE:GRUB) last issued its earnings results on Thursday, February 8th. The information services provider reported $0.31 EPS 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 8.29%. 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 prior year, the firm earned $0.23 EPS. The company’s revenue for the quarter was up 49.2% compared to the same quarter last year. research analysts expect that Grubhub will post 1.16 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRUB. First Trust Advisors LP boosted its stake in shares of Grubhub by 996.8% during the fourth quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock valued at $115,624,000 after purchasing an additional 1,463,539 shares in the last quarter. Caledonia Private Investments Pty Ltd boosted its stake in shares of Grubhub by 4.2% during the fourth quarter. Caledonia Private Investments Pty Ltd now owns 11,157,204 shares of the information services provider’s stock valued at $801,087,000 after purchasing an additional 454,325 shares in the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Grubhub during the fourth quarter valued at approximately $27,998,000. Standard Life Aberdeen plc bought a new position in shares of Grubhub during the fourth quarter valued at approximately $22,394,000. Finally, Emerald Advisers Inc. PA bought a new position in shares of Grubhub during the fourth quarter valued at approximately $20,518,000.
Several analysts have recently issued reports on GRUB shares. Bank of America cut shares of Grubhub from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 6th. They noted that the move was a valuation call. Barclays cut shares of Grubhub from an “equal weight” rating to an “underweight” rating and set a $56.00 target price on the stock. in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of Grubhub from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 9th. ValuEngine raised shares of Grubhub from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Wedbush lowered shares of Grubhub from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $65.00 to $70.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $81.02.
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Grubhub Company Profile
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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