Shares of GrubHub Inc (NYSE:GRUB) gapped up prior to trading on Wednesday . The stock had previously closed at $72.95, but opened at $70.06. GrubHub shares last traded at $68.93, with a volume of 67696 shares trading hands.
Several equities analysts have weighed in on the stock. Wedbush restated an “outperform” rating on shares of GrubHub in a report on Monday, April 29th. Argus downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. BTIG Research downgraded shares of GrubHub from a “buy” rating to a “positive” rating in a report on Wednesday, April 3rd. Craig Hallum restated a “buy” rating and set a $100.00 target price (down from $120.00) on shares of GrubHub in a report on Wednesday, April 17th. Finally, Zacks Investment Research upgraded shares of GrubHub from a “strong sell” rating to a “hold” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $112.67.
The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 59.29, a PEG ratio of 3.81 and a beta of 1.12.
GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.19. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. The company had revenue of $323.77 million during the quarter, compared to analyst estimates of $322.23 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 39.2% on a year-over-year basis. On average, research analysts anticipate that GrubHub Inc will post 0.79 EPS for the current year.
In other GrubHub news, insider Samuel Pike Hall sold 2,818 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $75.00, for a total transaction of $211,350.00. Following the completion of the sale, the insider now directly owns 940 shares of the company’s stock, valued at $70,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew M. Maloney acquired 15,416 shares of GrubHub stock in a transaction on Tuesday, April 30th. The shares were purchased at an average cost of $64.87 per share, with a total value of $1,000,035.92. Following the completion of the purchase, the chief executive officer now directly owns 13,621 shares of the company’s stock, valued at approximately $883,594.27. The disclosure for this purchase can be found here. Insiders have sold 3,545 shares of company stock valued at $259,902 over the last ninety days. Insiders own 1.88% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Strs Ohio lifted its holdings in shares of GrubHub by 70.2% during the 4th quarter. Strs Ohio now owns 3,015 shares of the information services provider’s stock valued at $231,000 after purchasing an additional 1,244 shares in the last quarter. KBC Group NV bought a new stake in GrubHub in the 4th quarter valued at approximately $535,000. SG Americas Securities LLC bought a new stake in GrubHub in the 4th quarter valued at approximately $456,000. LS Investment Advisors LLC bought a new stake in GrubHub in the 4th quarter valued at approximately $64,000. Finally, CIBC Private Wealth Group LLC lifted its stake in GrubHub by 14.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 79,408 shares of the information services provider’s stock valued at $6,100,000 after acquiring an additional 10,141 shares in the last quarter.
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GrubHub Company Profile (NYSE:GRUB)
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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
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