GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 56,250 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $71.09, for a total transaction of $3,998,812.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
GrubHub Inc (GRUB) traded up $2.52 during trading on Friday, hitting $70.74. 1,030,000 shares of the stock traded hands, compared to its average volume of 1,300,000. The firm has a market cap of $6,130.00, a price-to-earnings ratio of 104.03, a PEG ratio of 3.15 and a beta of 1.67. GrubHub Inc has a one year low of $32.43 and a one year high of $74.81.
GrubHub (NYSE:GRUB) last released its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. GrubHub’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. equities research analysts predict that GrubHub Inc will post 0.89 EPS for the current year.
GRUB has been the topic of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price target on shares of GrubHub in a research note on Wednesday, October 4th. Craig Hallum initiated coverage on shares of GrubHub in a research note on Monday, September 25th. They issued a “buy” rating and a $70.00 price target on the stock. Canaccord Genuity lifted their price target on shares of GrubHub from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 18th. KeyCorp set a $62.00 price target on shares of GrubHub and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $63.00 price target (up from $59.00) on shares of GrubHub in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. GrubHub has a consensus rating of “Buy” and a consensus target price of $62.61.
Several hedge funds have recently made changes to their positions in the stock. Caledonia Private Investments Pty Ltd boosted its holdings in shares of GrubHub by 8.0% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after buying an additional 790,969 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after buying an additional 142,445 shares during the period. Vanguard Group Inc. boosted its holdings in shares of GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after buying an additional 203,802 shares during the period. BlackRock Inc. boosted its holdings in shares of GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after buying an additional 216,307 shares during the period. Finally, Carmignac Gestion boosted its holdings in shares of GrubHub by 5.2% during the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock worth $275,621,000 after buying an additional 257,429 shares during the period.
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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.
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