Insider Selling: GrubHub Inc (NASDAQ:GRUB) CFO Sells $600,000.00 in Stock

GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $50.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer now owns 33,854 shares in the company, valued at approximately $1,692,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

On Tuesday, August 1st, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $46.81, for a total value of $314,656.82.
On Monday, July 17th, Adam Dewitt sold 2,000 shares of GrubHub stock. The shares were sold at an average price of $46.34, for a total value of $92,680.00.
On Wednesday, July 12th, Adam Dewitt sold 3,000 shares of GrubHub stock. The shares were sold at an average price of $45.15, for a total value of $135,450.00.
On Monday, July 3rd, Adam Dewitt sold 3,722 shares of GrubHub stock. The shares were sold at an average price of $43.80, for a total value of $163,023.60.
On Monday, June 19th, Adam Dewitt sold 2,000 shares of GrubHub stock. The shares were sold at an average price of $44.05, for a total value of $88,100.00.
On Friday, June 9th, Adam Dewitt sold 3,000 shares of GrubHub stock. The shares were sold at an average price of $45.00, for a total value of $135,000.00.
On Monday, June 5th, Adam Dewitt sold 3,722 shares of GrubHub stock. The shares were sold at an average price of $44.55, for a total value of $165,815.10.
On Monday, May 15th, Adam Dewitt sold 2,000 shares of GrubHub stock. The shares were sold at an average price of $44.95, for a total value of $89,900.00.

Shares of GrubHub Inc (NASDAQ GRUB) opened at 54.17 on Friday. The firm has a market cap of $4.67 billion and a P/E ratio of 79.66. The company’s 50-day moving average price is $46.68 and its 200-day moving average price is $40.94. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $57.26.

GrubHub (NASDAQ:GRUB) last released its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $158.79 million during the quarter, compared to analyst estimates of $158.13 million. GrubHub had a net margin of 11.35% and a return on equity of 7.21%. On average, analysts predict that GrubHub Inc will post $1.10 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in GRUB. Oppenheimer & Co. Inc. bought a new position in shares of GrubHub during the first quarter valued at about $531,000. Juncture Wealth Strategies LLC bought a new position in shares of GrubHub during the first quarter valued at about $234,000. Tudor Investment Corp ET AL bought a new position in shares of GrubHub during the first quarter valued at about $949,000. EULAV Asset Management raised its position in shares of GrubHub by 35.8% in the first quarter. EULAV Asset Management now owns 220,000 shares of the information services provider’s stock valued at $7,236,000 after buying an additional 58,000 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of GrubHub during the first quarter valued at about $1,166,000.

Several analysts have issued reports on the company. Canaccord Genuity restated a “buy” rating and issued a $50.00 price objective on shares of GrubHub in a research note on Thursday. BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a research note on Wednesday. Cowen and Company restated an “outperform” rating and issued a $54.00 price objective on shares of GrubHub in a research note on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a research note on Wednesday. Finally, Zacks Investment Research downgraded GrubHub from a “hold” rating to a “sell” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $48.87.

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.