GrubHub Inc (GRUB) CFO Adam Dewitt Sells 5,000 Shares

GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $71.20, for a total transaction of $356,000.00. Following the completion of the sale, the chief financial officer now owns 16,366 shares in the company, valued at approximately $1,165,259.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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.
  • On Monday, November 20th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $64.61, for a total transaction of $323,050.00.
  • On Monday, November 6th, Adam Dewitt sold 6,722 shares of GrubHub stock. The stock was sold at an average price of $61.90, for a total transaction of $416,091.80.

Shares of GrubHub Inc (GRUB) traded down $0.46 during mid-day trading on Thursday, hitting $70.34. 735,492 shares of the stock traded hands, compared to its average volume of 1,447,208. The company has a market cap of $6,100.00, a P/E ratio of 103.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.67. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $74.81.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $163.10 million for the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The company’s revenue was up 32.1% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. analysts predict that GrubHub Inc will post 0.89 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of GrubHub from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Tuesday, January 9th. Barclays lifted their price target on shares of GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Stifel Nicolaus lifted their price target on shares of GrubHub from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Craig Hallum reiterated a “buy” rating and set a $80.00 price target (up previously from $70.00) on shares of GrubHub in a research note on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. GrubHub has an average rating of “Buy” and a consensus target price of $62.61.

Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of GrubHub during the 3rd quarter valued at $105,000. PNC Financial Services Group Inc. raised its position in shares of GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares during the period. Asset Dedication LLC bought a new stake in shares of GrubHub during the 3rd quarter valued at $165,000. Finally, Comerica Bank bought a new stake in shares of GrubHub during the 3rd quarter valued at $201,000.

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About GrubHub

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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