GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 3,125 shares of GrubHub stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $122.55, for a total transaction of $382,968.75. Following the completion of the transaction, the chief executive officer now owns 9,768 shares in the company, valued at approximately $1,197,068.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NYSE:GRUB opened at $114.69 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.08. The firm has a market cap of $10.62 billion, a P/E ratio of 85.70, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. GrubHub Inc has a twelve month low of $51.21 and a twelve month high of $149.35.
GrubHub (NYSE:GRUB) last posted its earnings results on Wednesday, July 25th. The information services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.19. GrubHub had a net margin of 15.16% and a return on equity of 10.52%. The business had revenue of $239.70 million for the quarter, compared to analyst estimates of $233.05 million. During the same quarter in the previous year, the business posted $0.26 EPS. The business’s quarterly revenue was up 50.9% on a year-over-year basis. Sell-side analysts forecast that GrubHub Inc will post 1.5 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Sapphire Star Partners LP increased its stake in GrubHub by 5.8% during the 2nd quarter. Sapphire Star Partners LP now owns 13,492 shares of the information services provider’s stock worth $1,415,000 after buying an additional 743 shares during the period. World Asset Management Inc increased its stake in GrubHub by 36.1% during the 2nd quarter. World Asset Management Inc now owns 3,196 shares of the information services provider’s stock worth $335,000 after buying an additional 848 shares during the period. Natixis increased its stake in GrubHub by 36.4% during the 2nd quarter. Natixis now owns 3,401 shares of the information services provider’s stock worth $357,000 after buying an additional 908 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in GrubHub by 19.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,769 shares of the information services provider’s stock worth $605,000 after buying an additional 926 shares during the period. Finally, Yorktown Management & Research Co Inc increased its stake in GrubHub by 12.1% during the 2nd quarter. Yorktown Management & Research Co Inc now owns 8,966 shares of the information services provider’s stock worth $941,000 after buying an additional 966 shares during the period. 98.88% of the stock is currently owned by hedge funds and other institutional investors.
GRUB has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Argus lifted their price target on shares of GrubHub from $150.00 to $170.00 and gave the company a “buy” rating in a report on Friday, September 14th. They noted that the move was a valuation call. Wedbush initiated coverage on shares of GrubHub in a report on Thursday, September 13th. They issued an “outperform” rating and a $180.00 price target on the stock. Craig Hallum lifted their price target on shares of GrubHub from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 18th. Finally, KeyCorp lifted their price target on shares of GrubHub from $115.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $137.00.
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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