Analysts Anticipate GrubHub Inc (NASDAQ:GRUB) Will Announce Quarterly Sales of $158.26 Million

Wall Street brokerages expect GrubHub Inc (NASDAQ:GRUB) to post $158.26 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for GrubHub’s earnings, with the highest sales estimate coming in at $161.10 million and the lowest estimate coming in at $155.22 million. GrubHub reported sales of $123.46 million in the same quarter last year, which indicates a positive year-over-year growth rate of 28.2%. The company is scheduled to report its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that GrubHub will report full-year sales of $158.26 million for the current financial year, with estimates ranging from $648.79 million to $656.40 million. For the next fiscal year, analysts expect that the business will post sales of $803.08 million per share, with estimates ranging from $780.20 million to $832.20 million. Zacks’ sales averages are an average based on a survey of research firms that follow GrubHub.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. GrubHub had a return on equity of 7.21% and a net margin of 11.35%.

A number of equities analysts recently commented on GRUB shares. Stifel Nicolaus increased their price target on GrubHub from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Loop Capital reissued a “buy” rating on shares of GrubHub in a research note on Wednesday, April 19th. Roth Capital set a $45.00 price target on GrubHub and gave the company a “buy” rating in a research note on Monday, April 24th. Canaccord Genuity reissued a “buy” rating and set a $47.00 price target on shares of GrubHub in a research note on Thursday, May 25th. Finally, Wedbush set a $50.00 price target on GrubHub and gave the company a “buy” rating in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. GrubHub presently has a consensus rating of “Buy” and an average target price of $48.14.

In other news, CFO Adam Dewitt sold 2,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $44.95, for a total value of $89,900.00. Following the sale, the chief financial officer now directly owns 26,890 shares in the company, valued at $1,208,705.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Stanley Chia sold 822 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.65, for a total value of $38,346.30. Following the completion of the sale, the chief operating officer now owns 1,215 shares in the company, valued at $56,679.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 260,142 shares of company stock worth $12,033,308.

Large investors have recently modified their holdings of the company. Caledonia Private Investments Pty Ltd increased its stake in shares of GrubHub by 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock valued at $315,169,000 after buying an additional 1,174,124 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of GrubHub by 1.4% in the first quarter. Baillie Gifford & Co. now owns 8,242,999 shares of the information services provider’s stock valued at $271,112,000 after buying an additional 112,260 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of GrubHub by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider’s stock valued at $221,973,000 after buying an additional 281,024 shares during the last quarter. BlackRock Inc. increased its stake in shares of GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock valued at $167,094,000 after buying an additional 5,073,663 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of GrubHub by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 3,095,577 shares of the information services provider’s stock valued at $101,814,000 after buying an additional 387,276 shares during the last quarter.

Shares of GrubHub (NASDAQ GRUB) traded up 9.06% during trading on Monday, hitting $52.62. The company had a trading volume of 7,443,127 shares. GrubHub has a 52 week low of $32.43 and a 52 week high of $53.36. The firm’s 50 day moving average is $44.99 and its 200-day moving average is $40.28. The stock has a market capitalization of $4.54 billion and a P/E ratio of 79.73. GrubHub also saw some unusual options trading on Thursday. Investors bought 10,474 call options on the company. This is an increase of 660% compared to the typical volume of 1,378 call options.

TRADEMARK VIOLATION WARNING: This article was originally reported by [[site]] and is the property of of [[site]]. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at [[permalink]].

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.

Get a free copy of the Zacks research report on GrubHub (GRUB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com